Navacord Appoints New Senior Vice President, Capital Markets & Corporate Strategy

Toronto, ON, May 15, 2024 – Navacord Corp. is pleased to announce the appointment of Jeff Piercy into the newly created role of Senior Vice President, Capital Markets & Corporate Strategy, effective May 15, 2024.

As SVP, Capital Markets and Corporate Strategy, Jeff will serve as a key architect guiding Navacord’s capital markets and strategic initiatives. He will work with Navacord’s executive leadership to strengthen its relationship with bankers, investors, rating agencies, and other capital markets participants while also supporting the organization by refining corporate strategy; support corporate development with mergers and acquisitions; and lead efforts to understand the opportunity for transformational change. In addition to those responsibilities, Jeff will also work with the President & CEO and Executive Chairman in shaping the agenda for Navacord’s Advisory Committee and ensuring effective committee operations.

Jeff brings with him thirteen years of experience in investment banking and leverage finance. Prior to joining Navacord, he worked as a Managing Director of Leveraged Finance at Bank of America, where he progressed in various roles since he started his career in 2011. Jeff holds a Bachelor of Commerce degree from the University of Saskatchewan’s College of Commerce and an MBA, Finance, from the University of Oxford’s Saïd Business School.

During his time at Bank of America, Piercy oversaw dozens of debt capital raises by North America’s leading privately-owned insurance brokers, financing some of their most transformational transactions.

“Jeff’s demonstrated background in financial markets, paired with his impressive track record in navigating complex transactions, positions Navacord with a critical asset that will allow us to accelerate our growth trajectory,” says Shawn DeSantis, President and CEO. “We are confident about the transformational opportunities he will help drive for Navacord.”

“We are pleased to welcome Jeff into this newly created role – his expertise will prove instrumental as he fosters the ongoing development of Navacord’s strategic vision, delivering enhanced value to our clients and stakeholders, and reinforcing our position as a leader in the Canadian marketplace,” adds T. Marshall Sadd, Executive Chairman.

As the only Canadian-based insurance broker who actively accesses the U.S. private credit and bond markets, this position was designed to help Navacord manage the complexities created by its capital structure while also adding the necessary bench strength to execute on large strategic initiatives.

“I am honoured to join the Navacord team and contribute to the company’s continued success in this new role,” says Jeff Piercy, SVP, Capital Markets and Corporate Strategy. “I look forward to identifying key opportunities that will deliver enhanced value, drive growth, and provide transformational success for Navacord.”

About Navacord

Founded in 2014 and headquartered in Toronto, Ontario, Navacord is one of Canada’s top three commercial insurance brokerages. With $3 billion in premiums, Navacord stands as a leader in group insurance and risk management solutions. From commercial and personal insurance to surety, employee benefits and retirement consulting, Navacord leverages national strength and resources with the local touch service of industry specialized Navacord Broker Partners to deliver the trusted advice, expertise and custom insurance solutions clients need to face the future with confidence.

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