TORONTO, Sept. 8 /CNW/ - TMX Group Inc. (TSX-X), Canada's leading
integrated exchange group, has named Kevan Cowan as President, TSX Markets and
Group Head of Equities. Mr. Cowan will continue as President of TSX Venture
Exchange. He will report to TMX Group CEO Thomas Kloet.
"We are delighted to announce today that Kevan will be spearheading the
continued growth and development of Canada's two national equity exchanges,"
said Thomas Kloet, Chief Executive Officer of TMX Group. "He has the track
record and experience to help ensure our success in taking TMX Group forward
to an increased presence on the global stage."
In his new dual role, Mr. Cowan will be responsible for the equities
business of TMX Group, including trading, listings and other services offered
by Toronto Stock Exchange and TSX Venture Exchange. TMX Group's equity markets
are the 7th largest in the world by market capitalization and list more
resource companies than any other exchange group. Robert Fotheringham, Senior
Vice President, Equities Trading, Richard Nadeau, Senior Vice President,
Toronto Stock Exchange, and the current TSX Venture management team will
continue their key senior management roles in TMX Group's equity markets and
will report to Mr. Cowan.
"I'm looking forward to working with the dedicated and experienced
equities markets teams within Toronto Stock Exchange and TSX Venture Exchange.
These are tremendous assets in the TMX Group's portfolio and we are committed
to ensuring that they are the most competitive, innovative, technology-driven
equities markets in Canada," said Mr. Cowan.
Mr. Cowan is well known and respected for his leadership of TSX Venture
Exchange. He joined the Canadian Dealing Network (CDN), the over-the-counter
market previously owned by Toronto Stock Exchange, in 1997 as General Counsel.
In 2000, he became a Vice-President of the Canadian Venture Exchange (CDNX)
when it acquired CDN.
Following the acquisition of CDNX by TSX Inc. in 2001, Mr. Cowan was
promoted to the role of Senior Vice President, TSX Venture and Vice President,
TSX Group. In 2005 and 2006 he performed a dual role as Senior Vice-President,
Business Development, Toronto Stock Exchange and Senior Vice President, TSX
Venture Exchange. In 2007, Mr. Cowan became President of TSX Venture Exchange.
Mr. Cowan attended the University of Toronto, where he received a B.A. in
1983, and Osgoode Hall Law School, where he received a LL.B. in 1986. Upon his
call to the Bar in 1988, he joined Smith Lyons, a law firm based in Toronto.
He became a partner of Smith, Lyons in 1994 and practiced in the corporate and
securities area, with a concentration in finance transactions.
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivatives markets for
multiple asset classes including equities, fixed income and energy. Toronto
Stock Exchange, TSX Venture Exchange, Montreal Exchange, Natural Gas Exchange,
Shorcan, Equicom and other TMX Group companies provide trading markets,
clearing facilities, data products and other services to the global financial
community who access Canada's capital markets. TMX Group is headquartered in
Toronto with offices in Montreal, Calgary and Vancouver. For more information
about TMX Group, visit our website at www.tsx.com.
For further information:
For further information: Jean Charles Robillard, TMX Group Corporate
Communications, (514) 871-3551 or (416) 358-3714,