NexGen Financial Corporation announces appointment of new directors

    




 TORONTO, March 27, 2012 /CNW/ - NexGen Financial Corporation ("NexGen"  or the "Corporation")  is pleased to announce the  appointment of Mr. Mark Kinney and Ms. Margaret Hunter to the board of  directors of the Corporation effective March 27, 2012. 

 Mr. Kinney is a founding partner, the chief investment officer and the  managing director of Newport Private Wealth Inc. ("Private Wealth"), a  private investment company, with more than 20 years of experience in  the investment industry.  Mr. Kinney is the chair of Private Wealth's  investment committee, which is responsible for managing the firm's  investment strategy and execution. Prior to starting Private Wealth in  2001, Mark was a vice president at RBC Private Trust.  From 1992 to  1999, he was a Principal with Merchant Private Trust Company and Connor  Clark Private Trust, which was acquired by the Royal Bank of Canada in  1999.  Mr. Kinney is active in a number of community and charitable  organizations, including being a director of the Yellow Bus Foundation. 

 Mr. Kinney will replace Mr. John Garrow, a former executive of Newport  who resigned from the NexGen board. Newport Partners Private Growth LP1  continues to hold approximately 15.9% of the outstanding common shares  of NexGen. 

 Ms. Hunter has been a structural designer with Stephenson Engineering  Ltd. since 2011 and prior thereto a structural engineer with Weidlinger  Associates Inc. of New York since 2007. Ms. Hunter has been appointed  in substitution for Elizabeth Hunter who was unable to serve as a  director due to a work related conflict which arose after her  nomination. Ms. Hunter is the daughter of James Hunter, the former  Chief Executive Officer of NexGen and the current holder of  approximately 25% of the outstanding common shares of NexGen. 

 Each of Mr. Kinney and Ms. Hunter will serve as directors until the  annual meeting of shareholders on May 22, 2012. The appointment of Ms.  Hunter is subject to the receipt of all necessary regulatory approvals. 

 "We would like to thank Mr. Garrow for his services to the NexGen Board  since its inception in 2006 and we welcome Mr. Kinney and Ms. Hunter to  the Board.  We look forward to their contribution," said Laurie Munro,  President and Chief Executive Officer. 

 About NexGen Financial NexGen Financial Corporation is a mutual fund company and was founded to  develop value added investment solutions for financial advisors and  their clients. The firm is focused on the creation of innovative  investment products and services that meet the needs of Canadians  seeking more tax efficient investment opportunities and greater control  over the tax treatment of their investments. Managed by strong  investment professionals, NexGen's unique Registered and Tax-Managed  Fund offerings are well positioned as attractive investment  opportunities for Canadians looking to alleviate the tax costs  associated with traditional investment solutions. 

 Neither TSX Venture Exchange nor its Regulation Services Provider (as  that term is defined in policies of the TSX Venture Exchange) accepts  responsibility for the adequacy or accuracy of this release. 

 Forward Looking Statements  This release may contain "forward-looking statements" which reflect the  current expectations of the Company. These statements reflect  management's current beliefs with respect to future events and are  based on information currently available to management. Forward-looking  statements involve significant known and unknown risks, uncertainties  and assumptions. Many factors could cause actual results, performance  or achievements to be materially different from any future results,  performance or achievements that may be expressed or implied by such  forward-looking statements including, without limitation, those listed  under the heading "Risk Factors" in the Company's Management Discussion  and Analysis, which is available the Company's website and on SEDAR at  www.sedar.com. Should one or more of these risks or uncertainties  materialize, or should assumptions underlying the forward-looking  statements prove incorrect, actual results, performance or achievements  could vary materially from those expressed or implied by the  forward-looking statements contained in this release. Although the  forward-looking statements contained in this release are based upon  what the Company believes to be reasonable assumptions, the Company  cannot assure investors that actual results, performance or  achievements will be consistent with these forward-looking statements.  These forward-looking statements are made as of the date of this  release and the Company does not assume any obligation to update or  revise them to reflect new events or circumstances. 

NexGen Financial Corporation


CONTACT:  Laurie Munro, President & CEONexGen Financial [e-mail] 


    

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