Alternative asset manager Sprott Asset Management USA has appointed Edward Coyne (pictured) as Executive Vice President and National Sales Manager. Coyne will lead the firm’s US sales team and focus on building relationships across both the institutional and advisor channels.
In addition, Sprott USA announced the opening of a New York office, located at 100 Park Avenue.
The New York office will serve as a business development center and complement Sprott’s North American headquarters in Toronto.
“Establishing a centralised marketing and business development presence in New York is a natural step in the growth of our firm,” says James Fox, president of Sprott Asset Management. “We continue to make strategic investments that drive the future growth of Sprott and help us better serve our clients. These investments include the recent addition of Ed as our National Sales Manager. He brings to Sprott over two-decades of distribution and client service experience and established relationships with institutional investors and financial advisors. We look forward to his contributions to the firm and our growing client base.”
“I am excited to join Sprott, which is one of the preeminent alternative asset managers in the world and offers clients a strong portfolio of best-in-class listed products,” says Coyne. “The Sprott Physical Bullion Trusts offer an efficient alternative for investors who want to maintain some exposure to precious metals, which historically has helped diversify traditional equity and fixed income portfolios.”
Coyne brings to Sprott USA over 23 years of investment management and institutional sales experience, and spent the previous 18 years as a Principle and Investment Specialist at Royce & Associates (Royce). Coyne also worked with Zweig Mutual Funds and Neuberger Berman as a Regional Sales Director.
“Having worked with Ed for nearly two decades, I am confident in his ability to help grow our US presence,” says Whitney George, Chairman of Sprott USA. “I am excited to work with him again and deliver strategic, effective investment solutions to US investors and financial advisors.”