TMX Group CEO Leaves Post In Search For New Challenges

Luc Bertrand, Deputy Chief Executive Officer of TMX Group and President and Chief Executive Officer of Montreal Exchange Inc., will be stepping down from his position effective 30 June 2009. Bertrand has served as MX's President and Chief Executive Officer

By None

Luc Bertrand, Deputy Chief Executive Officer of TMX Group and President and Chief Executive Officer of Montreal Exchange Inc., will be stepping down from his position effective 30 June 2009.

Bertrand has served as MX’s President and Chief Executive Officer since March 2000 and was integral in establishing and growing the business into the derivatives exchange it is today.

TMX also appoints Alain Miquelon to the position of President and Chief Executive Officer of MX, effective 1 July 2009. Miquelon joined MX in August 2007, and held the role of Executive Vice President, Chief Financial Officer and Head of Strategic Planning. Miquelon has 20 years of industry experience.

“Luc has been a valued partner in completing the TSX Group and MX combination to create TMX Group,” says Thomas Kloet, chief executive officer, TMX Group. “He has shown significant leadership in the integration effort to maximize revenue generation, improve competitive positioning and realize cost efficiencies. We appreciate all that Luc has done for TMX Group and wish him all the best in the future.”

“I have had a wonderful career working with the MX team, and am proud of our achievements in creating TMX Group, fulfilling a vision I have had for the Canadian capital markets since 1999,” says Bertrand.

“I now feel that it is a good time for me to move on to other challenges and opportunities. We have a solid team in place to lead the business forward and there will be a smooth transition to my successor. I am confident that I am leaving both TMX Group and MX in good hands.”

L.D.

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