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.