Lahey to leave Alterna

Alterna Savings and Credit Union has announced that John Lahey, president and CEO of the Toronto-based financial co-operative, will retire at the end of this year. Alterna’s board of directors is appointing a selection committee to search for a successor. Lahey, a 36-year veteran of the banking industry, has led Alterna since 2007. During his time at the helm, he helped to manage the integration of Civil Service Co-operative Credit Society Ltd. and Metro Credit Union, the two legacy credit unions from which Alterna was formed in 2005. Prior to joining Alterna, Lahey had served for six years as president and CEO of Hamilton-based First Ontario Credit Union; before that, he had been with the Canadian Imperial Bank of Commerce for 25 years.

(rmezzetta@investmentexecutive.com).