The Canadian Depository for Securities Limited announces appointment of Ian Gilhooley as president and chief executive officer

    TORONTO, Feb. 1 /CNW/ - Charles R. Moses, chairman of the board of The
Canadian Depository for Securities Limited (CDS), announced today the
appointment of Ian A. Gilhooley to the position of president and chief
executive officer, effective immediately. Mr. Gilhooley joined CDS in 2001 and
became chief operating officer in 2002.
    Mr. Gilhooley holds a master's degree in Business Administration, has
extensive domestic and international securities industry experience, as well
as expertise in the management of major systems development initiatives. As
CDS's chief operating officer, Mr. Gilhooley oversaw the redevelopment and
successful implementation of CDS's clearing and settlement system, CDSX, and
held executive responsibility for the operational divisions of CDS.

    About The Canadian Depository for Securities Limited
    The Canadian Depository for Securities Limited is the holding company for
 three operating subsidiaries outlined below:

    CDS Clearing and Depository Services Inc. (CDS Clearing)

    CDS Clearing is Canada's national securities depository, clearing and
settlement hub - supporting Canada's equity, fixed income and money markets,
holding over $3 trillion on deposit and handling over 150 million securities
trades annually.

    CDS INC.

    CDS INC. is focused on delivering improvements to the capital markets and
the public through the services we provide on behalf of the CSA - the System
for Electronic Document Analysis and Retrieval (SEDAR), the System for
Electronic Disclosure by Insiders (SEDI) and the National Registration
Database (NRD).

    CDS Innovations Inc.

    CDS Innovations is the premier source for information on Canadian
securities and is ideally positioned to develop and provide new solutions that
meet market demand for securities data and related services.

For further information:

For further information: Janet Comeau, manager, Corporate
Communications, CDS at (416) 365-8427 or

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