Lloyd Sebastian was named senior vice president and chief risk officer at Northern Trust Canada, and Descia Milinkovich was named senior vice president, institutional sales.
Mr. Sebastian replaced Veda Persad, while Ms. Milinkovich's position is new, spokesman Tim Hacker said; he could not provide further details on Ms. Persad.
Mr. Sebastian was director and segment head for Canadian subcustody at CIBC Mellon. Alistair Almeida, vice president, business development and relationship management-global financial institutions, assumed Mr. Sebastian's duties, spokesman Paul Cunliffe said.
Ms. Milinkovich was vice president, business development and relationship management, at State Street Trust Co. Canada. Information from State Street about her replacement could not be obtained by press time.