Leadership Overview
TMX has 8 executives leading key functions including market strategy, financial oversight, human resources, revenue generation, operational transformation, and data services.
Anchored in a legacy of financial excellence, TMX delivers critical data products and services to the international financial community while driving innovation across global capital markets.
Anchored in a legacy of financial excellence, TMX delivers critical data products and services to the international financial community while driving innovation across global capital markets.
Leadership Roles at TMX
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, directs the strategic vision for global market operations and post-trade infrastructure. Overseeing the integration of clearing and settlement services, the President & Global Chief Executive Officer, Tmx Markets & Post Trade ensures robust liquidity and risk management for international financial participants. This leadership role involves navigating complex regulatory landscapes across North American and global jurisdictions to maintain market integrity. By optimizing trade execution platforms, Luc Fortin directly impacts the efficiency of capital allocation for institutional clients. Furthermore, Fortin coordinates with the Board to align operational output with long-term growth objectives. Through the modernization of clearing systems, the President & Global Chief Executive Officer, Tmx Markets & Post Trade secures the competitive positioning of the organization within the evolving global financial ecosystem.
David Arnold - Chief Financial Officer
David Arnold, the Chief Financial Officer at TMX, manages the fiscal health and capital allocation strategies for the entire holding company. Overseeing financial reporting, treasury operations, and investor relations, the Chief Financial Officer ensures transparency and accuracy in all corporate disclosures. This leadership role involves analyzing market trends to support strategic investments in data products and financial services. By maintaining rigorous internal controls, David Arnold directly impacts the stability and profitability of the organization. Furthermore, Arnold collaborates with executive leadership to evaluate potential acquisitions and divestitures that align with the broader corporate mission. Through disciplined capital management, the Chief Financial Officer drives sustainable value creation for shareholders while supporting the operational requirements of various subsidiaries across the international financial landscape.

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 of capital formation processes and market services. Overseeing the integration of new technologies into the TSX platform, the Chief Operating Officer, Transformation & Global Tsx & Capital Formation Officer ensures scalable infrastructure for issuers and investors. This leadership role involves streamlining internal workflows to enhance the efficiency of capital raising activities. By optimizing operational processes, Tala Zarbafi directly impacts the speed and reliability of market services provided to the international financial community. Furthermore, Zarbafi collaborates with other C-suite leaders to execute large-scale digital transformation projects that support long-term business agility. Through the continuous improvement of operational frameworks, the Chief Operating Officer, Transformation & Global Tsx & Capital Formation Officer drives the modernization of the organization's core service offerings.
Michelle Tran - President, TMX Datalinx
Michelle Tran, the President, TMX Datalinx at TMX, leads the development and distribution of high-value data products for global financial markets. Overseeing the product lifecycle and market data strategy, the President, TMX Datalinx ensures the delivery of accurate, real-time information to institutional clients. This leadership role involves identifying emerging data trends and expanding the reach of information services across international borders. By enhancing the quality and accessibility of financial data, Michelle Tran directly impacts the decision-making capabilities of market participants. Furthermore, Tran coordinates with technology teams to innovate data delivery platforms and maintain a competitive edge in the information services sector. Through the strategic expansion of the data portfolio, the President, TMX Datalinx secures the company's position as a primary provider of essential financial intelligence.
Michael Kousaie - President, TMX Newsfile
Michael Kousaie, the President, TMX Newsfile at TMX, manages the dissemination of corporate news and regulatory filings for the financial community. Overseeing the operational integrity of the news distribution platform, the President, TMX Newsfile ensures timely and compliant communication between public companies and the investment public. This leadership role involves maintaining high standards for information accuracy and platform reliability. By streamlining the filing process, Michael Kousaie directly impacts the transparency and efficiency of capital markets. Furthermore, Kousaie collaborates with regulatory bodies and corporate clients to adapt to changing disclosure requirements. Through the continuous enhancement of the news distribution infrastructure, the President, TMX Newsfile supports the broader mission of providing essential services to the international financial community while ensuring market participants remain well-informed.

Erin Echlin - Executive Assistant To Chief Human Resources Officer
Erin Echlin, the Executive Assistant To Chief Human Resources Officer at TMX, coordinates administrative workflows and strategic communication for the human capital division. Overseeing the scheduling of talent development initiatives and executive meetings, the Executive Assistant To Chief Human Resources Officer ensures seamless operational support for the HR leadership team. This role involves managing sensitive personnel data and facilitating cross-departmental collaboration to foster a high-performance culture. By streamlining internal processes, Erin Echlin directly impacts the efficiency of organizational talent management and recruitment efforts. Furthermore, Echlin assists in the preparation of board-level presentations regarding workforce planning and employee engagement metrics. Through meticulous attention to detail, the Executive Assistant To Chief Human Resources Officer enables the HR function to focus on long-term strategic goals related to organizational growth and employee retention.
Jonathan Bérubé - Deputy Chief Revenue Officer
Jonathan Bérubé, the Deputy Chief Revenue Officer at TMX, drives revenue growth through the expansion of financial service offerings and client acquisition strategies. Overseeing sales operations and market penetration efforts, the Deputy Chief Revenue Officer ensures alignment between product development and client needs within the international financial community. This leadership role involves identifying new business opportunities and optimizing pricing models to maximize market share. By fostering strong relationships with institutional partners, Jonathan Bérubé directly impacts the top-line performance of the organization. Furthermore, Bérubé collaborates with the broader executive team to refine go-to-market strategies for data products and trading services. Through the implementation of data-driven sales tactics, the Deputy Chief Revenue Officer secures consistent revenue streams and strengthens the competitive standing of the company in global markets.
Cynthia Bush - Chief Human Resources Officer
Cynthia Bush, the Chief Human Resources Officer at TMX, architects the organizational culture and talent strategy required to support a global financial services firm. Overseeing recruitment, leadership development, and compensation structures, the Chief Human Resources Officer ensures the company attracts and retains top-tier professionals. This leadership role involves aligning human capital initiatives with the broader business objectives of the holding company. By implementing robust performance management systems, Cynthia Bush directly impacts the productivity and innovation capacity of the workforce. Furthermore, Bush works closely with the executive team to cultivate an inclusive environment that promotes professional growth and operational excellence. Through the strategic management of organizational change, the Chief Human Resources Officer builds a resilient workforce capable of navigating the complexities of the international financial sector.
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