Canadian investment firm CIBC Mellon has named Karen Rowe as its new CFO, replacing Duncan Webb who has retired followed a 35-year financial services career.
As CFO, Rowe will manage financial planning and analysis, accounting, corporate taxation and financial reporting at the firm.
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Rowe most recently served as the managing director and head of investment finance at Canada Pension Plan Investment Board (CPPIB).
Her financial services career of over 25 years also includes a stint at Canadian Imperial Bank of Commerce (CIBC). She worked as the vice president, finance, global merchant banking, Canadian investment, corporate and commercial banking at CIBC.
CIBC Mellon president and CEO Steven Wolff said: “Karen is a welcome addition to the company and she brings a deep understanding of the financial services industry, particularly in the area of Canadian pensions and private markets.
“We are excited to have Karen join CIBC Mellon’s strong and dynamic leadership team. She is highly-qualified with the skills and experience to manage our continued financial growth.”
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By GlobalDataCIBC Mellon is an equal take joint venture between Bank of New York Mellon (BNY Mellon) and CIBC. The business managed over C$1.9 trillion ($1.4 trillion) in assets at the end of March 2018.
