The new hire has more than 25 years' experience in the financial services sector.

Canadian financial services firm CIBC Mellon, the joint venture between Imperial Bank of Commerce (CIBC) and the Mellon Financial Corporation (now The Bank of New York Mellon), has appointed Karen Rowe as the company's new chief financial officer. Rowe replaces Duncan Webb, who recently announced his retirement after a 35-year career in financial services.

In her new role, Rowe assumes responsibility for all of CIBC Mellon's CFO duties, including financial planning and analysis, accounting, corporate taxation and financial reporting.  

Rowe joins CIBC Mellon from Canada Pension Plan Investment Board (CPPIB), a professional investment management organization that invests the assets of the Canada Pension Plan. She has more than 25 years of experience in leadership roles providing financial, strategic and operational management.

"Karen is a welcome addition to the company and she brings a deep understanding of the financial services industry, particularly in the area of Canadian pensions and private markets," said Steven Wolff, president and chief executive. "She is highly-qualified with the skills and experience to manage our continued financial growth."