TMX Group Hires Nick Thadaney as Chief Executive of Equity Capital Markets

TMX Group has brought in Nick Thadaney, appointing him as its newest Chief Executive of Global Equity Capital Markets (ECM), according to a TMX Group statement.

Earlier this week, Etienne Phaneuf was promoted to the role of Chief Executive Officer (CEO) of ITG Canada Corporation, replacing the outgoing Mr. Thadaney. The succession plan at ITG Canada was made public virtually simultaneously with the new appointment by Mr. Thadaney.

In his new role as TMX Group’s Chief Executive – ECM, Mr. Thadaney will be responsible for the group’s equity listings and trading activity. The appointment comes on the heels of Kevan Cowen’s departure earlier this week, who filled a void in the ECM group.

Despite the move, Mr. Thadaney is slated to begin his new role only on September 1, 2015 – he will be reporting to TMX Group CEO Lou Eccleston.

Mr. Thadaney has served as the Head of ITG Canada since 2005, having joined ITG as Director of Sales in Canada in 2000. Prior to landing at ITG, he also worked as the Vice President and Head of Business Development & International Equities at TD Securities – additional stops include C.T. Securities and First Canada Securities International.

According to Mr. Eccleston in a recent statement on the hire, “TMX Group has begun an essential evolution to become a technology-driven solutions provider that puts clients first.”

TMX Group Inc. owns and operates a series of exchanges in Canada, including the Toronto Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (TSX), and the TSX Venture Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, the Montreal Exchange, the Natural Gas Exchange, and the Boston Options Exchange. The group handles equities, listings and a variety of other trading across its comprehensive group of platforms.