Thursday, September 18th16.3°C
23474
22646

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

22551


Recent Trending




Today's Market
S&P TSX15458.88-51.66
S&P CDNX972.51-3.19
DJIA17156.8524.88
Nasdaq4562.189+9.43
S&P 5002001.57+2.59
CDN Dollar0.9096+0.0018
Gold1224.50-11.40
Oil94.31-0.11
Lumber349.00+1.00
Natural Gas4.048-0.029

 
Okanagan Companies
Pacific Safety0.165-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.05
Cantex0.06-0.01
Anavex Life Sciences0.2361-0.0139
Metalex Ventures0.060.00
Russel Metals36.37+0.42
Copper Mountain Mining2.73+0.04
Colorado Resources0.17+0.01
ReliaBrand Inc0.027+0.003
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.29-0.01

 



22967

FEATURED Property
20682523260 Boucherie Road
4 bedrooms 4 baths
$550,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...


Price Guarantees

Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...


Brangelina and Celebrity vs Philanthropy

This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...

_








Member of BC Press Council


22814