Toronto-based Fidelity Clearing Canada has announced that Scott Mackenzie has been appointed as its new CEO and ultimate designated person, effective Nov. 21, subject to regulatory approval.
Mackenzie will be replacing Todd Roadman, who has held the position for almost five years and will be returning to the U.S. to take on a new opportunity within the Fidelity Clearing and Custody Solutions organization at the end of this year. Roadman will be working closely with Mackenzie to ensure a smooth transition between now and the end of the year.
Mackenzie was most recently senior vice president, business development, with Fidelity Clearing Canada. Says Roadman in a statement: “[Mackenzie’s] strong market knowledge, his strategic focus on client needs and passion for the [Fidelity Clearing Canada] business will equip him well as he moves into the CEO role.
In addition to Mackenzie’s appointment, Fidelity Clearing Canada has announced that Kevin Barber has been appointed to the role of chief administrative officer, reporting to Mackenzie, effective immediately. Barber joins Fidelity Clearing Canada from the Fidelity Investments Canada ULC business in Toronto, at which he has held varied senior roles in finance, product, institutional distribution, risk management, fund treasury and client services.
Barber, in his new role, will have leadership oversight for Fidelity Clearing Canada’s finance, risk, compliance, technology, project management office and human resources functions.
“With such broad experience and the proven success he has achieved, I have no doubt that Kevin will further strengthen the Fidelity Clearing Canada management team and excel in this key leadership,” Roadman says.
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