Strate would like to bid farewell to a friend and colleague, Ian Gilhooley, who has retired as the president and CEO of The Canadian Depository for Securities Limited (CDS). Gilhooley was at the helm of the Canadian securities depository for over a decade, joining CDS in 2001 and becoming its CEO a year later.
“Ian is well respected in the financial market, particularly in the post-trade environment. I was fortunate to have worked with him through our membership of the Americas Central Securities Depository Association (ACSDA) and we wish Ian all the best for his retirement,” says Monica Singer.
At ACSDA, Gilhooley was respected for the governance enhancement principles he has put in place and as CDS’s Chief Operating Officer, he masterminded the redevelopment and implementation of CDS’s clearing and settlement system.
In January 2013, Jean Desgagne was named the new president and CEO of CDS, effective 19 February 2013. “On behalf of Strate, we look forward to building a relationship with Jean as well as CDS for years to come,” concludes Singer.
Desgagne joins CDS from TD Bank Group, where he most recently served as senior vice president, trading risk services, with the responsibility for the independent oversight of valuation, market risk, liquidity and collateral for TD’s global trading business. Prior to TD, he held increasingly senior positions at some of Canada’s leading financial institutions in areas such as treasury operations, technology, trading support and risk management.