Experienced and well respected derivatives sector expert with strong ties to the customer base
MONTREAL, Dec. 9 /CNW/ - Alain Miquelon, President and CEO of the Montreal Exchange, a subsidiary of TMX Group, today announced the appointment of Claude Cyr as Senior Vice President, Financial Markets, effective December 21, 2009.
Mr. Cyr will have overall responsibility for the Financial Markets team, which comprises all Montreal Exchange market-oriented activities, including market monitoring, commercial development, customer relationship, product development and pricing strategy.
Mr. Cyr joins Montreal Exchange from Newedge Canada, where he served as First Vice President, Head of Global Services and Relationship Management. In that capacity, he managed the team responsible for Canadian equity, futures and options. Prior to that, he held senior leadership positions at J.P. Morgan Securities Canada and Fimat.
"We are extremely pleased to welcome an executive with Claude Cyr's experience and track record to the Montreal Exchange. A leader with deep knowledge of the derivatives business and of capital markets in general, Claude will help us further strengthen our operations and our offering," said Mr. Miquelon. "Our mandate at the Montreal Exchange is to operate a world-class derivatives exchange that provides all Canadians with the tools and products needed to manage risk and maximize the value of their portfolios. With a long history in the trading and derivatives sectors, Claude will be an invaluable member of our senior management team."
Mr. Cyr is based in Montreal, Quebec.
"I am very excited to join the Montreal Exchange at such an important time in this organization's evolution," said Mr. Cyr. "Montreal Exchange is Canada's centre of excellence in derivatives, and I am looking forward to working with Alain Miquelon and the team to help take the exchange to the next level."
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, Montreal Exchange, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom and other TMX Group companies provide trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto with offices in Montreal, Calgary and Vancouver. For more information about TMX Group, visit our website at www.tmx.com.
SOURCE TSX Group Inc.
For further information: For further information: Carolyn Quick, Director, Corporate Communications, TMX Group, (416) 947-4597, firstname.lastname@example.org