MONTREAL--(BUSINESS WIRE)--Phocion Investments Inc. (Phocion), a leading provider of performance and due diligence consulting services, is pleased to announce the additions of Kosta Segounis, CPA, CA, CFA and David Rowen, CFA, FRM as Managing Directors.
The firm experienced significant revenue growth in the past year. “We are delighted to have these two key individuals join our growing firm. The investment industry is undergoing an increasing need for performance measurement and operations services as our clients look to improve their firms in order to align themselves with the realities of stricter industry requirements. Kosta and David’s extensive expertise keep Phocion on the leading edge of servicing our clients’ needs in a first-class manner,” said Founder and Managing Director, Ioannis Segounis, MBA, CFA, CIPM.
Ioannis Segounis has over 15 years of experience in the investment industry. His knowledge and experience spans the whole spectrum of the investment performance discipline. His dedication to bringing the best of this evolving field to the investment industry led him to the founding of Phocion.
Prior to founding Phocion, Ioannis held the position of Manager–Performance Measurement and Attribution at Intact Investment Management where he was responsible for building and growing the performance functions of the firm. He was also an integral part of structuring the performance operations at CN Investment Division, the Pension Management subsidiary of the Canadian National Railway Company. This company oversees the largest corporate pension plan in Canada with year-end 2014 assets under management (AUM) of $17.8 billion.
Ioannis has earned the CFA (Chartered Financial Analyst) and CIPM (Certificate in Investment Performance Measurement) from the CFA Institute. In addition, he has earned a Master of Business Administration degree with a specialization in Investment and Portfolio Management from HEC Montreal, and a Bachelor of Engineering degree from Concordia University.
Kosta Segounis has over 20 years of experience in the financial services industry most notably in the areas of compliance and risk management. Prior to joining Phocion, Kosta held the position of Senior Advisor at National Bank of Canada where he was responsible for performing reviews of different lines of business of financial markets and wealth management and recommending areas of improvements and implementing a due diligence process, performing and training other personnel on due diligence of external managers – both traditional and alternative managers.
Prior to National Bank, Kosta held a senior management position in a consulting firm, where he performed due diligence on a variety of alternative managers, from emerging managers to large and sophisticated hedge fund managers following complex strategies. Further, he was also an integral part of building the compliance department at The Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, with $93.7 billion of AUM as at 2014.
Kosta is a member of the Chartered Professional Accountants of Canada and also is a CFA charterholder. He has earned a Bachelor in Commerce and obtained a Graduate Diploma in Accountancy from Concordia University.
David Rowen has over 20 years of experience in the financial services industry most notably in the areas of portfolio management and equity research. Prior to joining Phocion, David held the position of Investment Counselor at HSBC where he was responsible for managing the wealth of the bank's high net worth clients.
Prior to joining HSBC, David launched a small cap energy portfolio and became its Portfolio Manager at CN Investment Division. His success at managing the small cap energy portfolio led to his quick promotion to the position of United States Equity Portfolio Manager, a portfolio whose assets represented 10% of the Division’s overall AUM.
Further, he was an equity analyst for two institutional securities firms that were acquired by Cantor Fitzgerald and CanaccordGenuity, respectively.
David is a CFA charterholder and has the FRM (Financial Risk Manager) designation. He has earned a Bachelor in Commerce from McGill University.
About Phocion Investments Inc.
Phocion Investments Inc. is an investment consultancy firm established to service stakeholders in the investment management industry. Phocion provides the expertise, independence and sophisticated tools that enable our clients to meet their performance and due diligence objectives.
Phocion was founded during the financial crisis, a period of great uncertainty for investors and the global economy; a period during which investors suffered significant financial losses – losses which could have been mitigated through a performance oversight and operational controls assessment. Our objective is to bring clarity to the complexities of the investment industry and to assist stakeholders in their investment decision processes. With our team’s proven track record and the firm’s core pillars of honesty, accountability, and excellence in service, we are your trusted partner in the investment process.