TMX Group Elevates John McKenzie as Chief Financial Officer

Toronto-headquartered TMX Group, owner of numerous subsidiaries that operate derivative and cash markets and clearinghouses, has today announced the appointment of John McKenzie as Chief Financial Officer, following the departure of Michael Ptasznik earlier this month.

Finance Magnates reported last month when Michael Ptasznik resigned as CFO with TMX Group after more than two decades at the firm. He left to join Nasdaq as Frank DiLiso was named as interim CFO.

Mr. Mckenzie brings over 16 years experience at TMX Group, including senior positions across the group, most recently as president of the company’s Canadian Depository for Securities Limited (CDS) subsidiary. His new role as CFO will take effect on July 11^th 2016, according to an official statement.

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CPA and industry board positions

He was elevated to CFO from his existing role as President of Corporate Strategy and Development (CDS) although he will retain that role too until a replacement is made.

"John brings to the TMX Group CFO position a proven skill set and demonstrated leadership effectiveness. I am confident that this appointment will help propel the Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term of TMX's strategy and enable us to continue along our stated path toward innovation, transformation and operational excellence," said Lou Eccleston, Chief Executive Officer, TMX Group, commenting in an official statement.

Mr. Eccleston added: "I look forward to working closely with John and the rest of our organization's leadership team in pursuit of future successes."

In addition to serving on various industry-relate boards, Mr. McKenzie is a board member of the Canadian Capital Markets Association and is a Chartered Professional Accountant (CPA, and CMA). He obtained an MBA from Edinburgh Business School at Heriot-Watt University and an Honours BA from Wilfrid Laurier University.