TMX Executive and Leadership Team

September, 2026

Leadership Overview

TMX has 9 executives leading key functions including corporate strategy, global market operations, financial oversight, revenue growth, operational transformation, human capital management, and data product development.

Anchored by a legacy of financial excellence, TMX delivers critical data products and services to the international financial community while maintaining a commitment to market integrity and innovation.

Leadership Roles at TMX

  • Group Chief Executive Officer, Tmx Ltd - John McKenzie
  • President & Global Chief Executive Officer, Tmx Markets & Post Trade - Luc Fortin
  • Chief Financial Officer - David Arnold
  • Chief Operating Officer, Transformation & Global Tsx & Capital Formation Officer - Tala Zarbafi
  • President, TMX Datalinx - Michelle Tran
  • President, TMX Newsfile - Michael Kousaie
  • Deputy Chief Revenue Officer - Jonathan Bérubé
  • Chief Human Resources Officer - Cynthia Bush
  • Executive Assistant To Chief Human Resources Officer - Erin Echlin
  • John McKenzie - Group Chief Executive Officer, Tmx Ltd

    John McKenzie, the Group Chief Executive Officer, Tmx Ltd at TMX, directs the overarching corporate strategy for the entire organization. Overseeing the integration of diverse financial subsidiaries, the Group Chief Executive Officer, Tmx Ltd ensures alignment with long-term growth objectives across North American and international markets. This leadership role involves constant engagement with the Board to refine the company's position as a premier provider of financial data and infrastructure. By optimizing capital allocation and fostering innovation within the holding company structure, John McKenzie directly impacts the competitive standing of the firm. McKenzie secures the future of the organization through disciplined management of complex financial assets and strategic partnerships. The Group Chief Executive Officer, Tmx Ltd maintains a focus on delivering value to shareholders while expanding the reach of the company's core financial services to a global client base.

    Luc Fortin - President & Global Chief Executive Officer, Tmx Markets & Post Trade

    Luc Fortin, the President & Global Chief Executive Officer, Tmx Markets & Post Trade at TMX, manages the critical infrastructure supporting global financial markets. Overseeing the execution of trading and post-trade services, the President & Global Chief Executive Officer, Tmx Markets & Post Trade ensures operational resilience and efficiency for international participants. This leadership role involves navigating complex regulatory environments to maintain market stability and transparency. By driving the expansion of trading platforms, Luc Fortin directly impacts the liquidity and accessibility of the company's markets. Fortin coordinates with global stakeholders to enhance the reliability of clearing and settlement processes. The President & Global Chief Executive Officer, Tmx Markets & Post Trade maintains a rigorous focus on technological advancement to support the evolving needs of the global financial community, ensuring that the company remains a central pillar of the international financial ecosystem.

    David Arnold - Chief Financial Officer

    David Arnold, the Chief Financial Officer at TMX, directs the financial health and fiscal strategy of the organization. Overseeing capital planning, financial reporting, and investor relations, the Chief Financial Officer ensures the company maintains a robust balance sheet to support ongoing growth initiatives. This leadership role involves analyzing market trends to inform investment decisions and risk management protocols. By optimizing the financial structure of the holding company, David Arnold directly impacts the profitability and long-term sustainability of the business. Arnold collaborates with other C-suite leaders to align fiscal resources with the strategic goals of the firm. The Chief Financial Officer maintains a focus on transparency and regulatory compliance, providing the necessary financial insights to guide the company through the complexities of the international financial services sector while ensuring consistent value creation for all stakeholders.
    David Arnold

    Tala Zarbafi - Chief Operating Officer, Transformation & Global Tsx & Capital Formation Officer

    Tala Zarbafi, the Chief Operating Officer, Transformation & Global Tsx & Capital Formation Officer at TMX, directs the operational transformation and capital formation strategies. Overseeing the modernization of internal processes and the expansion of capital formation services, the Chief Operating Officer, Transformation & Global Tsx & Capital Formation Officer ensures the company remains agile in a changing financial landscape. This leadership role involves streamlining operations to improve efficiency and supporting the growth of the TSX platform. By architecting scalable operational frameworks, Tala Zarbafi directly impacts the company's ability to serve issuers and investors effectively. Zarbafi collaborates with cross-functional teams to implement strategic changes that enhance the firm's market position. The Chief Operating Officer, Transformation & Global Tsx & Capital Formation Officer maintains a focus on operational excellence, ensuring that the company's infrastructure supports the dynamic needs of the global capital markets.

    Michelle Tran - President, TMX Datalinx

    Michelle Tran, the President, TMX Datalinx at TMX, directs the development and distribution of the company's data products. Overseeing the TMX Datalinx division, the President, TMX Datalinx ensures the delivery of high-quality financial data to the international community. This leadership role involves identifying emerging data needs and expanding the reach of the company's information services to global markets. By innovating the data product suite and enhancing delivery platforms, Michelle Tran directly impacts the company's revenue from information services. Tran collaborates with technology and sales teams to ensure that the data provided meets the rigorous standards of financial professionals. The President, TMX Datalinx maintains a focus on market expansion and product excellence, ensuring that the company remains a vital source of intelligence for the global financial sector through its comprehensive data offerings.

    Michael Kousaie - President, TMX Newsfile

    Michael Kousaie, the President, TMX Newsfile at TMX, directs the operations and strategic growth of the Newsfile division. Overseeing the dissemination of corporate news and regulatory filings, the President, TMX Newsfile ensures that the company provides essential communication services to the financial community. This leadership role involves enhancing the platform's capabilities to support the evolving disclosure requirements of public companies. By optimizing the news distribution process and expanding the service's reach, Michael Kousaie directly impacts the transparency and efficiency of the capital markets. Kousaie collaborates with regulatory and corporate stakeholders to ensure that the platform remains a trusted tool for market participants. The President, TMX Newsfile maintains a focus on service reliability and technological integration, ensuring that the company's news distribution services continue to support the integrity and functionality of the global financial ecosystem.
    Michael Kousaie

    Jonathan Bérubé - Deputy Chief Revenue Officer

    Jonathan Bérubé, the Deputy Chief Revenue Officer at TMX, drives the revenue generation strategy across the company's diverse portfolio of financial products. Overseeing sales initiatives and client acquisition efforts, the Deputy Chief Revenue Officer ensures the firm captures market share in competitive financial sectors. This leadership role involves identifying new business opportunities and strengthening relationships with institutional clients globally. By refining the sales funnel and aligning product offerings with market demand, Jonathan Bérubé directly impacts the top-line growth of the organization. Bérubé coordinates with regional teams to execute targeted growth strategies that leverage the company's extensive data and service capabilities. The Deputy Chief Revenue Officer maintains a focus on maximizing the commercial potential of the firm's assets, ensuring that the company remains a preferred partner for financial institutions seeking reliable data and market infrastructure solutions.

    Cynthia Bush - Chief Human Resources Officer

    Cynthia Bush, the Chief Human Resources Officer at TMX, directs the human capital strategy and organizational culture. Overseeing talent acquisition, leadership development, and employee engagement, the Chief Human Resources Officer ensures the firm attracts and retains the expertise necessary to maintain its market leadership. This leadership role involves fostering an inclusive environment that supports innovation and high performance across all departments. By aligning workforce capabilities with the company's strategic objectives, Cynthia Bush directly impacts the operational success of the organization. Bush collaborates with the executive team to build a resilient and adaptable workforce capable of navigating the complexities of the financial services industry. The Chief Human Resources Officer maintains a focus on professional growth and organizational health, ensuring that the company's human capital remains a key competitive advantage in the global financial marketplace.

    Erin Echlin - Executive Assistant To Chief Human Resources Officer

    Erin Echlin, the Executive Assistant To Chief Human Resources Officer at TMX, directs the administrative and operational support for the human resources function. Overseeing the coordination of executive priorities and departmental workflows, the Executive Assistant To Chief Human Resources Officer ensures the HR leadership team operates with maximum efficiency. This leadership role involves managing complex schedules, facilitating communication between departments, and supporting the execution of key human capital initiatives. By optimizing the administrative processes within the HR division, Erin Echlin directly impacts the productivity of the human resources team. Echlin coordinates with various stakeholders to ensure that the strategic goals of the HR department are met with precision and timeliness. The Executive Assistant To Chief Human Resources Officer maintains a focus on operational support, ensuring that the leadership team has the resources and organization required to manage the company's workforce effectively.

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    Frequently Asked Questions Regarding TMX Top Executives and Leadership Team

    Who leads TMX?
    TMX is led by John McKenzie (Group Chief Executive Officer, Tmx Ltd), along with executives such as Luc Fortin (President & Global Chief Executive Officer, Tmx Markets & Post Trade) and David Arnold (Chief Financial Officer).
    Who is part of TMX’s executive team?
    The executive team of TMX includes leaders such as John McKenzie (Group Chief Executive Officer, Tmx Ltd), Luc Fortin (President & Global Chief Executive Officer, Tmx Markets & Post Trade), David Arnold (Chief Financial Officer) and other senior executives.
    How many executives does TMX have?
    TMX has 9 executives leading key business areas.
    What roles are included in TMX’s leadership team?
    The leadership team of TMX includes roles such as Group Chief Executive Officer, Tmx Ltd, President & Global Chief Executive Officer, Tmx Markets & Post Trade, Chief Financial Officer, Chief Operating Officer, Transformation & Global Tsx & Capital Formation Officer, President, TMX Datalinx.