Several leadership changes announced by the Canadian wealth management firm
Nicola Wealth will have a new chief executive officer as its founder and current CEO transitions to a executive chair of the board role.
John Nicola will step down as CEO by the end of 2025 having guided the firm over the past 30 years to a leading Canadian wealth manager with more than $16 billion AUM and advisors in BC, Alberta and Ontario.
“Nicola Wealth has always been about creating a legacy of innovation and leadership,” said John Nicola. “This transition is not about stepping back, but rather focusing on areas where I can continue to provide strategic insight and mentorship to ensure the firm’s long-term success.”
He will be succeeded by his son Christopher Nicola who takes over as president and will become CEO in January 2026.
I’m honoured to step into this role at such a pivotal time for Nicola Wealth,” said Christopher Nicola. “Our team has a clear vision of what’s next, and we’re committed to driving transformational growth while maintaining our commitment to client-centric service.”
The change of leadership will align Nicola Wealth for its next period of growth and long-term stability and also facilitates some expanded mandates and changes for some other members of the firm’s executive leadership team.
These include David Sung becoming executive vice chair of the board, Bijal Patel, president of Institutional, taking on the role of CIO, and Vanessa Flockton becoming president of the firm’s Private Wealth business.
Philanthropy
Nicola Wealth lifer Jamie Duncan, currently chief operating officer will move from current role to focus on expanding the firm’s philanthropy platform while remaining a member of its board.
Nicola Wealth offers clients the opportunity to create a legacy and make a social impact by integrating strategic giving and philanthropy with financial planning through a Donor Advised Fund – the Nicola Wealth Private Giving Foundation.
“Our transition plan is a testament to the strength of our executive leadership team and our commitment to continuous improvement,” concluded John Nicola. “We have a very bright future ahead.”
