Peter Grosskopf is a Canadian businessperson who has amassed a net worth of over $11 million as of 2023. He is the former CEO and director of Sprott Inc., a global asset manager specializing in precious metals and real assets. He is also the founder of Newcrest Capital, a leading investment banking firm that was acquired by TD Bank in 2000. How did he achieve such success in the financial services industry? Here are some key facts about his biography, career, and achievements.
Early Life and Education
Peter Grosskopf was born in 1966 in Canada. He attended the Richard Ivey School of Business at the University of Western Ontario, where he earned an Honours Degree in Business Administration and a Masters of Business Administration. He also holds the Chartered Financial Analyst (CFA) designation and the Institute of Corporate Directors (ICD.D) certification.
Career Highlights
Peter Grosskopf began his career in the financial services industry in 1989, when he joined TD Securities, a subsidiary of TD Bank. He worked as a managing director in the investment banking division, where he advised and underwrote transactions for companies in various sectors, including mining, energy, and technology.
In 1995, he co-founded Newcrest Capital, an independent investment banking firm that focused on the Canadian mid-cap market. He served as the president and head of investment banking at Newcrest, which grew to become one of the top-ranked firms in Canada. In 2000, Newcrest was acquired by TD Bank for $224 million, making Grosskopf and his partners wealthy.
In 2001, he joined Cormark Securities, another independent investment banking firm, as the president and head of investment banking. He led Cormark’s growth and expansion, overseeing its operations, strategy, and client relationships. He also served on the board of directors of several public and private companies, including Sprott Resource Corp., a natural resource investment company.
In 2010, he was appointed as the CEO and director of Sprott Inc., a global asset manager that provides investors with access to highly-differentiated precious metals and real assets investment strategies. He was responsible for the overall strategy and management of the firm, as well as its private resource investment businesses. Under his leadership, Sprott grew from $5 billion to more than $20 billion of assets under management, and diversified its product offerings, client base, and geographic reach. He also oversaw the acquisition of several companies, such as Central Fund of Canada, Tocqueville Asset Management, and Uranium Participation Corporation.
In 2022, he stepped down as the CEO and director of Sprott, and became the CEO of SCP Resource Finance, a new venture that provides financing solutions to natural resource companies. He also remains on the board of directors of several companies, such as Agnico Eagle Mines, Alaris Equity Partners, and Kirkland Lake Gold.
Achievements and Recognition
Peter Grosskopf has been recognized as one of the most influential and successful leaders in the financial services industry. He has received several awards and honors, such as:
- The Mining Journal’s Outstanding Achievement Award in 2019, for his contribution to the mining industry and his vision for the future of precious metals investing.
- The Ernst & Young Entrepreneur of the Year Award in 2018, for his innovation, excellence, and impact in the financial services sector.
- The Canadian Dealmakers Award in 2017, for his role in the acquisition of Central Fund of Canada by Sprott.
- The Globe and Mail’s Top 40 Under 40 Award in 2001, for his leadership and performance in the Canadian business community.
He is also a frequent speaker and commentator on topics related to the financial markets, the economy, and the natural resource sector. He has appeared on various media outlets, such as Bloomberg, CNBC, BNN, and The Wall Street Journal.
Personal Life and Philanthropy
Peter Grosskopf is married and has four children. He lives in Toronto, Canada. He is an avid golfer and skier, and enjoys traveling and reading.
He is also a generous philanthropist, who supports various causes and organizations, such as:
- The Fraser Institute, a leading Canadian think tank that promotes free markets, individual liberty, and economic prosperity. He serves on the board of directors of the institute.
- The Richard Ivey School of Business, his alma mater, where he has donated millions of dollars to fund scholarships, research, and facilities.
- The SickKids Foundation, a charitable organization that raises funds for the Hospital for Sick Children, one of the world’s leading pediatric health care institutions. He has participated in several fundraising events and campaigns for the foundation.
- The United Way, a global network of non-profit organizations that works to improve the lives of people and communities. He has been a long-time supporter and donor of the United Way.