CIBC Mellon has appointed Karen Rowe as CFO.
In her new role, Rowe will be responsible for financial planning, analysis, accounting, corporate taxation and financial reporting.
Rowe joins from Canada Pension Plan Investment Board where she served as managing director, head of investment finance.
She led the team responsible for finance, valuation and operations of the global private investment portfolio.
Prior to that, Rowe served at CIBC in various roles such as vice president, finance, global merchant banking, Canadian investment, corporate and commercial banking.
She will replace Duncan Webb, who has retired after serving 35 years in the financial services industry.
Steven Wolff, president and CEO, CIBC Mellon, said: “Karen Rowe 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 Rowe join CIBC Mellon’s strong and dynamic leadership team. She is highly-qualified with the skills and experience to manage our continued financial growth.”
Commenting on her appointment, Rowe added: “CIBC Mellon is well-regarded by institutional investors as Canada’s leader in asset servicing, and I am proud to join the company and support its financial management. I am looking forward to contributing to CIBC Mellon’s strong operational execution, service excellence and continuous improvement."