CIBC Mellon CEO retiring

CIBC Mellon has announced its president and CEO, Thomas Monahan, will retire at the end of 2016. A leadership transition plan led by CIBC Mellon’s Boards of Directors is underway.

During Monahan’s tenure, CIBC Mellon grew to $1.6 trillion of assets under administration and launched a number of solutions for institutional investors in Canada.

For more on institutional investors, read:

How institutional investors use ETFs

Turn deeper understanding into higher returns

When diversification drags returns

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.