Desgagne takes over CDS

Jean Desgagne has been named as the new president and CEO of the Canadian Depository for Securities Ltd. (CDS), Canada’s national securities depository, clearing and settlement hub for equities, fixed-income and money markets. Desgagne’s appointment will take effect on Feb. 19. At that time, Desgagne will join TMX Group Ltd.’s executive management committee and will be an officer of TMX Group, which is CDS’s parent firm. He replaces Ian Gilhooley, who retired at the end of 2012. Desgagne joins CDS from Toronto-Dominion Bank, for which he was most recently senior vice president, trading risk services. Desgagne also has held positions with other financial services institutions in areas such as treasury operations, technology, trading support and risk management. Desgagne is a chartered accountant and has a long-standing passion for community service, which has won him many awards.

(bjolly@investmentexecutive.com).