Saturday, March 28th15.2°C
25657
24285

TMX chief executive Thomas Koet to retire at the end of August

TORONTO - The head of the company that operates Canada's largest stock exchange will retire at the end of August, TMX Group Ltd. (TSX:X) said late Monday night.

Chief executive Thomas Kloet will retire from the company effective Aug. 31.

Kloet became CEO of TMX Group Inc., the predecessor of TMX Group Ltd., in June 2008 and continued in the role after the company was acquired by the consortium of 13 financial institutions and pension funds known as the Maple Group Acquisition Corp. in 2012.

"The board of directors wishes to thank Tom for his leadership and many contributions to the organization, and we wish him the very best in his retirement," said Chuck Winograd, chairman of TMX Group Ltd.

"Tom leaves behind a strong management team who will continue to execute on the organization's growth strategy."

Kloet helped oversee the expansion of TMX Group with new offices in London, New York, Sydney and Beijing under his watch and a more than doubling of its number of international companies listed.

He also attempted a billion-dollar merger with the London Stock Exchange that was thwarted by the Maple Group after a prolonged takeover battle.

The company said the TMX board has formed a search committee to find Kloet's replacement and the work would begin immediately.

TMX Group's businesses include the Toronto Stock Exchange and TSX Venture Exchange as well as the Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corp., NGX and the BOX Options Exchange.

The Canadian Press


Read more Business News

25603


Recent Trending




Today's Market
S&P TSX14812.42-57.38
S&P CDNX681.43+1.87
DJIA17712.66+34.43
Nasdaq4891.22+27.86
S&P 5002061.02+4.87
CDN Dollar0.7928-0.0082
Gold1196.30-8.80
Oil48.43-3.00
Lumber282.40-3.60
Natural Gas2.62-0.05

 
Okanagan Companies
Pacific Safety0.125-0.005
Knighthawk0.010.00
QHR Technologies Inc1.50+0.00
Cantex0.03-0.01
Anavex Life Sciences0.219+0.009
Metalex Ventures0.04-0.01
Russel Metals24.50-0.18
Copper Mountain Mining1.13+0.00
Colorado Resources0.125+0.010
ReliaBrand Inc0.006-0.001
Sunrise Resources Ltd0.045+0.000
Mission Ready Services0.255+0.020
Decisive Dividend Corporation1.80+0.02

 





FEATURED Property
2121598#23-2001 Hwy 97 S
3 bedrooms 2 baths
$144,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...


Stay out of sales limbo!

Have you ever had a series of good meetings with a prospect … gathered all kinds of information … and given what you thought was a great presentation … only to receive a response ...

_





25482


Member of BC Press Council