2022 was generally turbulent for investors, especially those with a traditional stocks and bonds portfolio, who were hit particularly hard by the year’s headwinds. With inflation, Russia’s war with Ukraine, aggressive central bank tightening, and China’s lockdowns driving volatility, global economies have been grappling with rapid adjustments in interest rates, sentiment and valuations. However, while fears of recession loom, there may be some silver linings ahead for agile investors.
The Nicola Wealth Strategic Outlook 2023, which was hosted by President | Client Relationship Manager, David Sung, and Danielle Skipp, Managing Director, Ontario & Chief Legal Officer, featured presentations by Chairman & CEO John Nicola, CIO Rob Edel, CFO & Head of Private Capital Bijal Patel, and Managing Director, Real Estate Mark Hannah. Each professional shared their perspectives on the trends that are shaping the investing environment, and how these developments may impact investors and asset classes over the coming year.
Watch the full presentation:
View the slides:
Toronto Strategic Outlook 2023 Presentation
Host Bio
David Sung, President | Client Relationship Manager
As President of Nicola Wealth, David helps lead the company in its commitment to achieving unsurpassed client satisfaction through the delivery of the highest quality investment management and financial planning services for business owners, corporate executives, foundations and other individuals or entities of substantial income and/or assets.
In addition to working directly with some of the firm’s high net worth clients, David is an active participant in the Nicola Wealth portfolio management group, and sits on the firm’s Investment Review Board (IRB), the Real Estate division’s Investment Review Committee (IRC), and the Private Assets Investment Review Committee (IRC).
For his full bio visit: https://nicolawealth.com/our-team/david-sung
Danielle Skipp, Managing Director, Ontario & Chief Legal Officer
In her dual role as Managing Director, Ontario and Chief Legal Officer at Nicola Wealth, Danielle contributes to the identification, development, and execution of Nicola Wealth’s strategic initiatives including the firm’s ongoing national expansion strategy.
Prior to joining Nicola Wealth, Danielle worked for the Canadian Banking Association, CIBC, UBS and two private asset management companies navigating legal, regulatory and operational issues increasingly focused on digital innovation.
In April 2020 she was appointed to serve on the University of Toronto Governing Council. Danielle is the Chair of 100 Women in Finance Canada, a global organization with over 15,000 members committed to empowering women working in the finance industry to achieve their professional potential at each career stage.
Danielle graduated from the University of British Columbia with her LL.B and is called to the bar in both British Columbia and Ontario.
For her full bio visit: https://nicolawealth.com/our-team/danielle-skipp
Presenter Bios
John Nicola, Chief Executive Officer & Chairman
A veteran of the financial services industry since 1974, John provides strategic leadership to Nicola Wealth, exercising his passion for providing innovative solutions to clients’ complex problems.
His areas of expertise include investment management, estate and financial planning, as well as business planning with a focus on best practices for wealth building, exit strategies, and shareholder agreements.
Among many accolades, John has been selected as the winner of the Ernst & Young Entrepreneur of the Year (Financial and Professional Services in the Pacific Region), and most recently, he was recognized as one of Canada’s Most Admired CEO’s.
For his full bio visit: https://nicolawealth.com/our-team/john-nicola
Ben Jang, Portfolio Manager
Ben holds a Bachelor of Science in Physics from the University of British Columbia, as well as the CAIA, CIM and DMS designations. He is a regular contributor to various financial publications and blogs, where he provides his insight and expertise on a variety of financial topics. Additionally, Ben is an active member of the Vancouver chapter of the Professional Risk Managers’ International Association and sits on the events committee.
For his full bio visit: https://nicolawealth.com/our-team/ben-jang
Bijal Patel, Chief Financial Officer
As CFO, Bijal draws on his innovative, entrepreneurial mindset and expertise to assess, advance, and improve business practices to drive the firm’s development and growth strategies.
Bringing over 22 years of experience in the financial services industry, Bijal previously held roles at leading financial firms including SVP and CFO – Retail and Wealth Management, SVP Mortgages and Lending, and EVP Products.
For his full bio visit: https://nicolawealth.com/our-team/bijal-patel
Mark Hannah, Managing Director, Real Estate
A commercial real estate veteran, Mark launched his career in 1981 and has over 40 years’ experience in the brokerage industry. In 1994, he helped establish the Vancouver office of Avison Young Commercial Real Estate, an employee-owned company that has now grown significantly to a worldwide commercial brokerage company.
Mark has extensive experience in sales and leasing of commercial real estate. This includes serving as Avison Young Commercial Real Estate’s Managing Director of the Vancouver office.
For his full bio visit: https://nicolawealth.com/our-team/mark-hannah
