Seamark Asset Management Ltd. today announced the appointment of Peter Marshall as CEO, replacing Robert McKim who has resigned as director and president & CEO.

Marshall has served as SEAMARK’s chairman since 1996 and previously held the position of CEO from 1996 to 2003. Seamark says he will continue to serve as Ccairman of the board and will also resume his former responsibilities as chief investment officer, a position he held from 1982 to 2003.

“On behalf of Seamark and all its clients and shareholders, I would like to thank Bob for his tremendous contribution to the growth and success of the company,” said Marshall, in a release.

“During Bob’s time at the helm Seamark has stayed true to its roots as an investment management company dedicated to offering clients disciplined asset management based on consistent and proven investment principles, a heritage I will continue to foster.”

“Bob;s decision to resign represents the culmination of a number of months of discussions, during which time it became apparent that there were significant differences of opinion between Bob and the board regarding how the company’s operations should be managed,” Marshall noted. “We have made great progress in positioning our company to offer our services to a growing base of clients. As CEO, I remain committed to growing our company and to ensuring that our team-based investment approach continues to meet the needs of our clients.”

Seamark, based in Halifax, provides investment management services across Canada to institutional clients, mutual fund companies, private clients, and wrap programs of many of Canada’s leading investment dealers.