Saturday, August 30th15.6°C
22817
22871

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

22942


Recent Trending




Today's Market
S&P TSX15625.73+67.561
S&P CDNX1023.991.62
DJIA17098.4518.88
Nasdaq4580.271+22.577
S&P 5002003.37+6.63
CDN Dollar0.9194+0.0003
Gold1281.70-2.1001
Oil95.96+1.29
Lumber348.40+2.60
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.25+0.01
Metalex Ventures0.0750.00
Russel Metals36.48+0.09
Copper Mountain Mining2.93+0.02
Colorado Resources0.180.00
ReliaBrand Inc0.10+0.001
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.245-0.005

 



22587

FEATURED Property
2046024DOUBLE WIDE (1344 SQ.FT) 1990 DARTMOUTH BEAUTY
$123,999
more details
image2image2image2
Click here to feature your property
Please wait... loading


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...

_








Member of BC Press Council


22707