CANNEX Names Gary Baker Chief Executive Officer as It Builds Next-Generation Financial Data and Analysis Platform in North America

Lowell Aronoff, cofounder of CANNEX, to Chair New Board of Directors

TORONTO--(BUSINESS WIRE)--CANNEX, a leading provider of pricing, data and analytics for annuities in North America, and for bank products including term deposits and guaranteed interest contracts (GICs) in Canada, has named Gary Baker as its new Chief Executive Officer.

Baker succeeds Lowell Aronoff, who cofounded CANNEX in 1984. Aronoff will become the chairman of a newly created board of directors.

Previously the Chief Operating Officer of CANNEX, Baker brings more than 30 years of financial services experience focusing on retirement products, including prior executive roles at Mass Mutual and GE Capital, and has spent the last 16 years helping shape CANNEX’s growth.

“The pace of technological change in our industry is faster than at any point in CANNEX’s history, and our clients expect us to move with it,” said Baker. “We are accelerating our investment in AI-enabled infrastructure to build the next generation of data and analysis solutions in support of regulatory standards in the U.S. and Canada. This is a natural evolution of the strong foundation Lowell and our late cofounder, Alex Melvin, built over the past 40 years, and I’m energized to lead CANNEX into this next phase.”

“Over the past 16 years, Gary has been an incredible leader within CANNEX,” said Aronoff. “He understands what makes CANNEX unique and how to leverage our strengths to capitalize on the opportunities we see to grow the business at this critical moment.”

About CANNEX
CANNEX Financial Exchanges is committed to increasing transparency and access to guaranteed savings and guaranteed income products in North America. For over 40 years, CANNEX has provided reliable data and analytics that is trusted by banks, carriers, distributors, service providers and financial professionals. For more information about CANNEX, visit www.cannex.com.