Toronto-based Integrated Asset Management Corp. (IAM) will begin the new year with a new chief financial officer (CFO) as Tom Felkai will step into the role on Jan. 1, 2016.

Felkai is currently IAM’s vice president of finance and has been with the firm since 2010.

He takes over from Stephen Johnson, who is stepping down as CFO and as a director of IAM on Dec. 31.

“Stephen has been with us from the beginning and we thank him sincerely for his long and dedicated service,” says Victor Koloshuk, executive chairman of IAM, in a statement released on Thursday.

IAM is an alternative asset-management company, with approximately $2.4 billion in assets and committed capital under management in private corporate debt, real estate, infrastructure equity and managed futures.