A new scholarship supporting women in finance will soon be available to undergraduate students in Carleton University’s Sprott School of Business thanks to the generosity of Sprott Asset Management. Their gift of $25,000, matched with a contribution by Carleton University, will be permanently endowed to create the Sprott Asset Management Scholarship.

Two young women and finance students working in the Sprott Student Investment Fund.“At Sprott we are committed to supporting initiatives to provide and promote equal opportunity within the financial services sector,” said John Ciampaglia, Sprott Asset Management Chief Executive Officer and a member of the Dean’s Advisory Board for the school. “We are proud to partner with the Sprott School of Business to offer this scholarship supporting women in finance.”

Each scholarship of $1,000 will be awarded annually on the recommendation of the Dean of the Sprott School of Business to an outstanding undergraduate student who identifies as a woman and who is enrolled in a Bachelor of Commerce degree program. Students selected for this scholarship will also be encouraged to participate in the Sprott Student Investment Fund.

“We are very grateful to John and Sprott Asset Management for their ongoing support for our students and for establishing this scholarship,” said Dana Brown, Dean of the Sprott School of Business. “This award will not only support and empower more women to launch financial careers, but will also promote inclusion and equity within the sector.”

The Sprott Student Investment Fund is a real investment portfolio valued over $1.5 million that is actively managed by a team of select finance students. Students gain hands-on experience in money management, research and analysis, and managing investment risk. Students also learn responsible investing through the adoption of the UN Principles for Responsible Investment and Environmental, Social and Governance (ESG) criteria.

“Sprott Asset Management has welcomed our finance students into their Toronto offices, and John and his team have continually reached out and participated in our finance events,” said Howard Nemiroff, Associate Dean of Undergraduate Studies and faculty advisor for the fund. “Partnering with John and Sprott Asset Management on supporting women in finance is an exciting next step. This is critical to our success in creating and maintaining avenues for women entering the finance industry.”

He added, “We have an incredible talent pool of students here at the Sprott School, and it is both reassuring and rewarding to know that our industry leaders are looking at us to enhance opportunities for women in finance, and I know our students will benefit from John’s significant gift.”

The Sprott School of Business is named for Sprott Asset Management founder and alumnus Eric Sprott (BCom/65).

The inaugural Sprott Asset Management Scholarship will be awarded in the 2021-2022 school year.

About Sprott Asset Management

Sprott is an alternative asset manager and a global leader in precious metal and real asset investments. Through its subsidiaries in Canada, the US and Asia, Sprott is dedicated to providing investors with specialized investment strategies that include Exchange Listed Products, Managed Equities, Lending and Brokerage. Sprott’s common shares are listed on the New York Stock Exchange under the symbol (NYSE: SII) and Toronto Stock Exchange under the symbol (TSX: SII). For more information, please visit sprott.com.

About Carleton University’s Sprott School of Business

Located in Canada’s capital – Ottawa, the Sprott School of Business at Carleton University creates learning opportunities and scholarship that harness the potential and opportunity for business to improve lives worldwide. Drawing upon our values of compassion, imagination and purpose, we can contribute to a better world ahead through the continued provision of outstanding education, research and partnerships.

Thursday, December 10, 2020 in
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