Proctor Names Co-Founder As New CEO

Oct 17 2007 | 10:50am ET

Proctor Investment Managers has named its former president, Mona Aboelnaga Kanaan, as its Chief Executive Officer. Kanaan succeeds James Coley, who has left the firm “to explore other opportunities.”

“When Mona and I co-founded Proctor IM nearly two years ago my goal was to establish it as a new force in the asset management industry,” said Coley. “That has happened, and I now want to complete the circle and apply my developmental skills to new challenges. Proctor IM is now in a strong market position, and under the leadership of Mona and our senior executive team, is poised for further growth.”

“Our firm has grown tremendously in less than two years,” said Kanaan. “With thanks to my co-founder Jim Coley, the strong backing of Proctor NBF Capital Partners, the merchant banking group of National Bank Financial, and an expanding roster of stellar partner firms, the most exciting days for Proctor IM lie just ahead.”
Proctor partners with private equity firms to provide providing capital, sales and marketing services to asset managers, including hedge funds. It was launched last year with the backing of Proctor NBF Capital Partners, the merchant banking group of National Bank Financial.

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