The Nova Scotia Pension Services Corp. is appointing Steve Mahoney as its new chief investment officer, effective April 1, 2022.
He’s taking over the CIO role from Elizabeth Vandenberg, who’s retiring after serving two decades with the N.S. Pension and its predecessors in various investment management positions.
With more than 20 years in institutional investing and actuarial services, Mahoney recently spent seven years as vice-president of institutional sales at Connor, Clark & Lunn Financial Group. From 2016 to 2021, he was on the trustee board of the N.S. Teachers’ Pension Plan and its investment committee.
“I am very pleased to have Steve joining us to lead our investment division,” said Doug Moodie, chief executive officer of the N.S. Pension, in a press release. “His knowledge and understanding of our organization, our pension plans and our investment strategies, combined with his broad expertise and experience in the investment and actuarial fields, makes him the right choice for our executive team.”
In other news, N.S.’s Public Service Superannuation Plan Trustee Inc. is appointing Leo McKenna as the new chair of its board of directors, effective April 1, 2022. The outgoing chair, Ron Smith, held the role since the board’s inception in 2013.
McKenna has been on the PSSP’s board since 2013, including six years at the helm of its investment committee. He also sits on the board of the N.S. Pension and retired in 2020 as the chief financial officer of the Workers’ Compensation Board of Nova Scotia after 24 years.
“As chair, I am looking forward to continuing the progress of the board in strengthening the retirement security of our members,” he said in a press release. “On behalf of the board and all plan members, I would like to thank Ron for his outstanding contributions and dedication to the PSSP over the last nine years.”