TORONTO, Sept. 24, 2012 /CNW/ - TMX Group Limited today announced
upcoming management changes at Alpha Group. Jos Schmitt, Chief
Executive Officer, and Randee Pavalow, Chief Listings Officer and
General Counsel, have elected to leave the company, effective October
"Jos and Randee, working with a solid team of experts at Alpha, built a
strong marketplace over the last several years," said Kevan Cowan,
President, TSX Markets and Group Head of Equities. "We respect their
decision to leave the company and look forward to working with them
between now and the end of October to ensure a smooth and seamless
transition for our clients."
TMX Group and Alpha leaders have been actively engaged in integration
planning since August 1, 2012. Leadership for Alpha will be announced
prior to Mr. Schmitt's departure. Alpha now reports to the Equities
team led by Mr. Cowan.
"We have accomplished a lot over the past four years and I am proud of
the contribution Alpha has made to Canada's capital markets," said Mr.
Schmitt. "The integration of Alpha and CDS puts TMX Group in a unique
position to further enhance its service offerings towards domestic and
international market participants, while strengthening its global
About TMX Group (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group,
The Canadian Depository for Securities, Montreal Exchange, Canadian
Derivatives Clearing Corporation, Natural Gas Exchange, Boston Options
Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group
companies provide listing markets, trading markets, clearing
facilities, data products and other services to the global financial
community. TMX Group is headquartered in Toronto and operates offices
across Canada (Montreal, Calgary and Vancouver), in key U.S. markets
(New York, Houston, Boston and Chicago) as well as in London, Beijing
and Sydney. For more information about TMX Group, visit our website at
www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE: TMX GROUP INC.
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