After an extensive international search, the Board of Directors of TSX Group Inc., Canada’s leading integrated exchange group, today named Thomas A. Kloet as Chief Executive Officer. Mr. Kloet has spent the last five years as the Senior Executive Vice-President and Chief Operating Officer of Fimat USA, LLC and its successor company, Newedge USA, LLC and, prior to that, was the CEO of Singapore Exchange Limited. He will assume his position in Toronto on July 14, 2008*. He will also become a member of the Board of TSX Group Inc.
Wayne Fox, Chair of TSX Group, said, “Tom brings a very impressive track record of success in a number of key areas and we believe he is the right person to drive the future of our new integrated TMX Group.” He went on to say, “He has extensive experience in equities, derivatives, clearing and electronic trading. As the first CEO of SGX, he led the successful integration of the Stock Exchange of Singapore and the Singapore International Monetary Exchange into SGX and its initial public offering in 2000 Our Board came to a unanimous decision on Tom.”
Mr. Kloet said, “I am thrilled to be assuming the exciting challenge of integrating the newly combined businesses of TSX Group and Montreal Exchange and taking TMX Group forward to an increased presence on the global stage. I am looking forward to working with the dedicated and experienced senior management team including Luc Bertrand, Rik Parkhill and Michael Ptasznik, who all have deep and invaluable industry experience.”
On May 1, TSX Group completed its business combination with Montreal Exchange Inc. Shareholders of TSX Group will vote on a company name change to TMX Group Inc. on June 11, 2008. The combination of the two companies provides the organization with a new vision for the future of the Canadian capital markets. The new TMX Group will redefine the Canadian capital markets and strengthen its global positioning. TMX Group lists, trades, clears and offers market data for both cash and derivatives markets across multiple asset classes.
*Mr. Kloet’s start date is subject to receipt of appropriate approvals from Human Resources Skills Development Canada and Citizenship and Immigration Canada.