National Bank of Canada today announced the departure of Gordon Cheesbrough as president and CEO of its new division Altamira, effective September 6. Cheesbrough is leaving pursue new business opportunities.

In a statement, National Bank said Cheesbrough played a key role in the successful completion and transition of the transaction between Altamira and the bank.

Chris Hodgson, who has been with Altamira for four years as Managing Director, Retail, has been appointed Altamira’s new president and CEO. This appointment takes effect on September 6.