Carl Mustos is the newly appointed president of Toronto-based IA Clarington Investments Inc. His new role is effective immediately.

He replaces David Scandiffio, who left earlier this month to become president and CEO of CIBC Asset Management.

See: CIBC Asset Management names new CEO

“Carl has been with IA Clarington for almost eight years as senior vice president and national sales manager, and has shown tremendous talent and leadership during all these years,” says Normand Pépin, executive vice president, life subsidiaries and individual insurance and annuities for Industrial Alliance Insurance and Financial Services, Inc., parent company to IA Clarington Investments.

Mustos brings more than 20 years of industry experience, with knowledge in mutual funds, managed solutions and other investments, to his new role.