Canada’s housing agency, which insures C$563 billion of mortgages, named former Bank of New York Mellon Corp. Chief Executive Officer Robert Kelly chairman last month amid government pressure to upgrade management. He joins a board that includes a partner in a plumbing company and the former solicitor of a town in rural Nova Scotia.
Robert Kelly, former Bank of New York Mellon Corp. chief executive officer, was named chairman of the Canada Mortgage & Housing Corp. in the government’s latest move to bolster oversight of the federal housing agency.
The Canadian government will conduct a wide search to replace Karen Kinsley, the chief executive officer of Canada Mortgage & Housing Corp. who said in today’s annual report that she’s given her final message.
SolarCity Corp., a closely held developer of rooftop solar power systems backed by Google Inc. and Citigroup Inc., hired Robert Kelly as its chief financial officer, citing his experience at raising funds.