Gluskin Sheff & Associates, a Canadian wealth manager, has appointed Jeff Moody as its president and CEO, with immediate effect.

Moody will replace Tom MacMillan, who is also stepping down as the director of the company.

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Moody, who has been serving the firm since 2001 in several leadership positions, now also joined the board of directors. He most recently was the firm’s senior executive vice-president, investments and client wealth management and chair of the asset mix committee.

Gluskin Sheff + Associates lead director Nancy Lockhart said: “We are very grateful to Tom for his leadership and professionalism during his tenure as CEO, and in particular his efforts in achieving a successful outcome in the dispute with our co-founders.  We thank Tom for his service and wish him all the best.”

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