VANCOUVER, British Columbia, May 12, 2020 – Nicola Wealth today announces the appointment of Bijal Patel as Chief Financial Officer; and Danielle Skipp, in a new dual role as Senior Vice President, Corporate Development and Chief Legal Officer. Mr. Patel and Ms. Skipp will expand and strengthen the Senior Leadership Team and meaningfully broaden Nicola Wealth’s footprint across Canada.
Currently in Toronto, Bijal Patel will relocate to Nicola Wealth’s head office in Vancouver, taking over for retiring CFO, Michael Taylor. Bringing over 22 years of financial services industry experience, Mr. Patel previously held senior executive roles with national Canadian banks, including SVP and CFO – Retail and Wealth Management, SVP Mortgages and Lending, and EVP Products. 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.
Based in Toronto, Danielle Skipp is an experienced capital markets lawyer, overseeing legal, compliance, and operational functions; most recently as the General Counsel and Chief Operating and Compliance Officer at BloombergSen. In the dual role of SVP Corporate Development and Chief Legal Officer, Ms. Skipp contributes to the identification, development, and execution of Nicola Wealth’s strategic initiatives including the firm’s ongoing national expansion strategy.
“We are pleased to welcome both Danielle and Bijal to the firm, as they bring extensive experience and will significantly contribute to our already talented team,” said John Nicola, Chairman and Chief Executive at Nicola Wealth. “Both of these appointments are a clear demonstration of our continued commitment to invest for growth.”
Moving quickly to adapt and innovate through the COVID-19 pandemic, Nicola Wealth continues to pursue growth and broaden national expansion having outperformed the markets* through these uncertain times. Also notable, Nicola Wealth AUM which is a factor of both portfolio investment returns and net capital flows, grew by 1% YTD (as of April 20, 2020) compared to -13% for their peer group and 9% YOY versus -9.5% for the same group (as of March 31, 2020).**
About Nicola Wealth
Established in 1994, Nicola Wealth Management (nicolawealth.local) is among Canada’s fastest-growing asset fund management and private investment counsel firms (Investor Economics 2017 with $7 billion in assets under management. The firm provides portfolio diversification well beyond stocks and bonds, comprehensive and integrated wealth planning, and historically consistent and stable returns, serving affluent families, entrepreneurs, and foundations across Canada.
* nicolawealth.local/investing/ – Historically Consistent & Stable Returns: Nicola Wealth vs The Marketplace.
** Investor Economics: Special Feature PIC Feedback: COVID – 19