The Canadian Depository for Securities Ltd. (CDS) today announced the appointment of Ian Gilhooley as president and CEO, effective immediately.

He succeeds Allan Cooper, who succumbed to cancer in December.

Gilhooley joined CDS in 2001 and became chief operating officer in 2002.

He holds a master’s degree in Business Administration, has extensive domestic and international securities industry experience, as well as expertise in the management of major systems development initiatives.

As CDS’s chief operating officer, Gilhooley oversaw the redevelopment and successful implementation of CDS’s clearing and settlement system, CDSX, and held executive responsibility for the operational divisions of CDS.