Vancouver-based Central 1 Credit Union (Central 1) will welcome Brent Clode as its new chief investment officer on July 15.
Clode joins Central 1, the primary liquidity manager, payments processor and trade association for member credit unions in British Columbia and Ontario, from Toronto-based Manulife Financial Corp., at which he was vice president of treasury risk management, funding and liquidity operations. In this role, he was responsible for overseeing liquidity and foreign-exchange risk management, derivative hedging strategies and compliance.
Clode, who has 19 years of experience in the banking and insurance sectors, began his career with Toronto-based Canadian Imperial Bank of Commerce as an associate in the fixed-income and money market area before ultimately moving into the role of director of the treasury and risk management finance division, according to a statement from Central 1.
Clode is a chartered financial analyst with an MBA in finance from McMaster University in Hamilton, Ont. and a BA in administrative and commercial studies from the University of Western Ontario in London, Ont.
He will succeed Charles Milne, who has agreed to stay and help manage the transition until his retirement on Aug. 31. Clode will be working out of Central 1’s office in Toronto but will travel frequently between Ontario and British Columbia, the organization’s statement says.