Toronto-based Fundserv Inc. on Tuesday announced the appointment of Karen Adams to the role of president and CEO.

Effective July 4, Adams will assume leadership for strategic direction, products and day-to-day operations at the organization that processes orders for mutual funds, stocks, bonds and more for the Canadian financial services industry.

Prior to joining Fundserv, Adams served as president and CEO of Alberta Pension Services, where she led the organization through a multi-year, $60-million technology and business improvement project. During that time, she successfully managed the competing interests of varied stakeholders while also substantially improving employee engagement.

"Karen has proven herself a capable communicator and a collaborative relationship builder. We look forward to continued success under her leadership at Fundserv," says Katherine MacMillan, chairwoman, Fundserv board of directors, in a statement.

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