Election of David Wood as chairman of CDS board of directors

TORONTO, Oct. 28 /CNW/ - The board of directors of The Canadian Depository for Securities Limited (CDS) is pleased to announce the election of David Wood as chairman of the board. Mr. Wood was previously a member of the CDS board of directors from 1990 to 2006, serving as chair of the Finance Committee and member of the Executive Committee.

Mr. Wood has been involved in the Canadian securities industry for three decades holding senior executive management positions with three major national investment dealers. Mr. Wood started Correspondent Network at First Marathon Securities Limited and in doing so pioneered the development of the Canadian correspondent clearing business segment. During his career, Mr. Wood participated on numerous industry boards including his role as an industry director of CDS.

Mr. Wood is a chartered accountant and a graduate with an Honors Business Administration degree from Ivey School of Business Administration and a Master of Business Administration from Schulich School of Business Administration.

About CDS Limited
The Canadian Depository for Securities Limited is a valued partner to securities market participants, providing reliable, cost-effective depository, clearing, settlement, regulatory and information services. We deliver innovative, value-added solutions that help our stakeholders maintain a competitive capital market in Canada and build a strategic global advantage.

The Canadian Depository for Securities Limited is the holding company for four operating subsidiaries: CDS Clearing and Depository Services Inc., CDS Securities Management Solutions Inc., CDS INC., and CDS Innovations Inc.

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For further information:

Janet Comeau, Director, Corporate Communications, The Canadian Depository for Securities Limited, [phone], [email protected]