Unique Broadband Systems Inc. (UBS) announced Thursday the appointment of C. Fraser Elliott as the company’s chief financial officer, effective Friday. The appointment is subject to regulatory approval. Elliott will replace Malcolm Buxton-Forman, who will be leaving the company to pursue new opportunities. Elliott has held the position of president of private investment banking company CFE Financial Inc. since 1987. He is also executive chairman of the board of directors of Gowest Amalgamated Resources Ltd. and a director of Sylogist Inc.