Steven Wolff was named president and CEO of Canadian custodian CIBC Mellon, effective Nov. 14, the firm announced in a news release on Thursday.
He replaces Thomas Monahan, who retired.
Mr. Wolff was CEO of the Nova Scotia Pension Services Corp., which oversees operations and investments of the C$5.5 billion ($4.2 billion) Nova Scotia Public Service Superannuation Plan and the C$4.7 billion Nova Scotia Teachers' Pension Plan, both of Halifax.
Douglas Moodie, senior solicitor and head of the corporate-commercial practice group with the Nova Scotia Department of Justice's Legal Services Division, was named interim president and CEO at Nova Scotia Pension Services, effective Oct. 29, according to a news release from NSPS.
The NSPS board will conduct a national search for a permanent replacement for Mr. Wolff and expects to conclude it in eight months.
CIBC Mellon, a joint venture between the Canadian Imperial Bank of Commerce and Bank of New York Mellon, has C$1.6 trillion in assets under custody and administration.
