This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Gerry Gaetz Appointed As President And CEO Of The Canadian Payments Association

OTTAWA, Dec. 13, 2012 /CNW/ - The Canadian Payments Association (CPA), the operator of Canada's national clearing and settlement systems, today announced the appointment of Gerry Gaetz as President and Chief Executive Officer, effective March 31 st, 2013.

Mr. Gaetz joins the CPA following a distinguished career of progressive and varied executive leadership at the Bank of Canada. Since 2008 Mr. Gaetz has been Chief, Currency, responsible for the Bank's Currency function, including the development and launch of Canada's new banknote series, as well as retail payments-related economic research. Previously, he held positions of Chief, Banking Operations where he was responsible for domestic and international banking operations and funds management, and Chief of Corporate Services where he was responsible for the Bank's Finance, Information Technology, Human Resources and Security functions.

Janet Cosier, Chair of the CPA Board of Directors, said: "We are delighted to welcome an individual of Gerry's experience, talent and ability to the Canadian Payments Association. Gerry brings to the CPA deep knowledge of the design and operation of Canada's financial infrastructure, as well as a track record of demonstrated success as an organizational leader and manager. His experience with banking systems both in Canada and internationally will be a major asset to the CPA, and our work as operator of Canada's national clearing and settlement systems. Gerry has a proven ability to cultivate productive and collaborative relationships, and under his leadership and vision the CPA will work to better deliver on our mandate and serve our members and stakeholders."

Said Mr. Gaetz: " Canada's financial system and its payments system are globally recognized for their stability, soundness, and efficiency. I am delighted to be joining the Canadian Payments Association at a time of change and opportunity in the payments industry, and I look forward to working with the CPA leadership team and staff, our members and stakeholders to build on the CPA's and Canada's strong reputation."

The appointment of Mr. Gaetz is the result of a comprehensive search process undertaken over a number of months. Mr. Gaetz replaces Ken Casey who joined the CPA as Interim President and CEO at the request of the Board of Directors in July 2012.

Mr. Casey will continue to serve as Interim President and CEO until March 30 th, 2013. The Board of Directors thanks Mr. Casey for his leadership and service to the CPA, and wishes him well in his continued retirement.

About the Canadian Payments Association: The Canadian Payments Association (CPA), created by an Act of Parliament in 1980, operates Canada's national clearing and settlement systems; facilitates their interaction with other systems involved in the clearing and settlement of payments; and facilitates the development of new payment methods and technologies. It promotes the efficiency, safety and soundness of the clearing and settlement systems, taking into account the interests of users. Its current membership comprises virtually all of Canada's bank and non-bank deposit-taking financial institutions. In 2011, the CPA's Automated Clearing and Settlement System (ACSS), Large Value Transfer System (LVTS) and US Bulk Exchange (USBE), cleared and settled transactions averaging $179 billion each business day.

SOURCE CANADIAN PAYMENTS ASSOCIATION

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,919.59 +80.85 0.48%
S&P 500 1,981.60 +9.86 0.50%
NASDAQ 4,527.5140 +19.2020 0.43%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs