Press Release October 23, 2024
TORONTO, ON and VANCOUVER, BC, October 23, 2024 – Ventum Financial Corp. (“Ventum”) is pleased to announce changes to its executive team, including the appointment of Richard Butterworth as Chief Operating Officer and incoming Chief Financial Officer (CFO), as well as Karanjit Bhugra as President. Following the merger transaction completed in June, these strategic moves position the company for new long-term stability and growth.
Butterworth previously served as CFO at BlueShore Financial, CEO at Wolverton Securities, and held executive leadership roles at Brookfield Global Relocation Services and Hogg Robinson Group. His transition to CFO will occur by the end of October, following Andy Murray’s planned retirement. Murray will remain part of the executive team until the end of December, and will continue to support during this period of transition.
As President, Karanjit Bhugra will provide executive leadership for Ventum’s capital markets division and be responsible for strategic initiatives for the broader firm. Bhugra has held the role of Co-Head of Capital Markets for Ventum and one of its predecessor firms since 2020 and led many initiatives which have resulted in material growth for the firm. He is a seasoned finance professional that has enjoyed a broad array of experiences spanning mergers & acquisitions, structured finance and corporate finance.
Asad Said will be appointed as Head of Capital Markets, Eastern Canada. Said brings over 20 years of expertise in investment banking, mergers & acquisitions, and corporate development, having worked at leading Canadian financial institutions, including Scotia Capital and National Bank Financial, as well as on Deloitte’s Corporate Finance team.
Tim Graham will be appointed Head of Capital Markets, Western Canada. Graham is an experienced investment banking executive, having held progressively senior roles at major and boutique investment banks in Australia, the UK and Canada, bringing international investment banking experience.
I’m excited to announce these changes to our executive leadership team, which position Ventum Financial for continued stability and growth, and allow us to deliver even greater value for our clients,” said David Cusson, CEO of Ventum. “The creation of Ventum has brought together top talent from across the industry, creating a unique opportunity to reinforce a dedicated, collaborative and inclusive culture rooted in operational excellence and a shared commitment to providing customized solutions for our clients.
About Ventum Financial Corp. Ventum Financial Corp. is headquartered in Toronto, ON with key operational functions in Vancouver, BC, and is a leading independent investment advisory and capital markets firm with over 400 employees and fifteen offices across Canada. With a steadfast commitment to integrity and client service, Ventum provides a wide array of financial services to individual, institutional, and corporate clients through our team of experienced professionals.
For media inquiries, please contact media@ventumfinancial.com