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Biographies

Marie-Claude Beaulieu

Dr. Marie-Claude Beaulieu is full professor of finance and RBC Chair in Financial Innovations at the Université Laval. She obtained her Ph.D. from Queen's University in 1994 and has been associated with Laval ever since, being promoted to full professor in 2002. Dr. Beaulieu is a fellow of an interuniversity public policy research centre (Centre de recherche sur le risque, les politiques economiques et l'emploi), and has published numerous academic papers in finance. Dr. Beaulieu was selected to serve as Chairperson of the Corporation's Board of Directors due to her extensive knowledge in derivatives products and empirical finance evidenced by important research contributions and publications in the field.

Peter Copestake

Mr. Peter Copestake is the Executive in Residence at the Queen's University School of Business. Mr. Copestake served as the Chief Executive Officer of Continental Bank of Canada, a Canadian bank, a position he has held from December 2013 to August 2014. Mr. Copestake served as Senior Vice-President and Treasurer of Manulife Financial Corporation, a Canadian-based financial services group, from October 1999 to April 2007, which responsibilities included responsibility of all derivatives trading and hedging activities of the group. Over the past 25 years, and prior to joining Manulife, Mr. Copestake has held a variety of senior treasury management positions at Canadian chartered banks, and as a regulator in the Canadian Federal Department of Finance. Mr. Copestake was selected to serve on the Corporation's Board of Directors due to his extensive industry experience acquired as Senior Vice-President and Treasurer of a major Canadian financial institution as well as his significant expertise with regards to treasury management for Canadian chartered banks and Canadian finance regulation.

Lloyd Costley

Lloyd Costley is Chief Operating Officer of Raymond James Limited (Canada) and is responsible for the key administrative and operational divisions, including: Finance, Treasury, Securities Operations, Information Technology, Human Resources, Credit, Registrations, Legal, and Compliance. Mr. Costley also serves on Raymond James' Canadian Board of Directors. Mr. Costley joined Raymond James in 2001 and brings extensive industry experience and knowledge to his role. Before joining Raymond James, Mr. Costley was a senior financial and operations executive with The Canadian Venture Exchange (now TSX Venture Exchange) where he played an active role in the organization's development from creation to its acquisition by the Toronto Stock Exchange. Prior to the TSX Venture Exchange, Mr. Costley served as a director and senior executive at an international financial services organization and insurance company.

Mr. Costley serves on the Board and Risk Management and Audit Committee of the The Canadian Depository for Securities Limited and on the Executive Committee of IIROC's Financial Administrators Section.

Patrick Cronin

Patrick Cronin is CEO and Group Head of BMO Capital Markets. He was appointed to this role in November 2016 and is responsible for BMO Financial Group’s interactions with corporate, government and institutional clients.

Previously, Mr. Cronin was President and Chief Operating Officer of BMO Capital Markets where he had oversight of all balance sheet and risk management activity, international operations, and regulatory and compliance functions. Prior to that, he served as Head of the firm’s Trading Products group, where he had responsibility for the Sales, Trading, Research and Structuring groups in Equity Products, Debt Products, Foreign Exchange, Derivative Products and Securitization.

Mr. Cronin joined BMO Capital Markets in 1993 and progressed through a series of increasingly senior positions on the trading floor. He was appointed Co-Head of the Equity Derivatives Group in 2001 and Co-Head of Financial Products four years later.

Mr. Cronin is a member of BMO Financial Group's Executive Committee and chair of BMO Capital Markets’ Operating and Executive Committees. He currently serves on the Board of the Loran Scholars Foundation, Canadian Derivatives Clearing Corporation, and the Canadian Depository For Securities Limited. He is also a Sector Chair of the United Way Toronto & York Region Individual Giving Cabinet and a member of the Women in Capital Markets Advisory Council.

Mr. Cronin holds an MBA from the Ivey School of Business and a Bachelor of Arts from the University of Toronto.

John McKenzie

John McKenzie is Chief Financial Officer (CFO) of TMX Group. He is responsible for the financial management of the company as well as for the administrative oversight of TMX Group's equities, fixed income and derivatives clearing businesses. He is also a member of the TMX Group Executive Committee.

Luc Fortin

Luc Fortin is President and Chief Executive Officer of the Montréal Exchange (MX) and Global Head of Trading with TMX Group.

Focused on leading growth in the areas of TMX derivative, fixed income, private markets and equity trading businesses, Luc helps to deliver a best-in-class experience to trading clients, developing and offering new product solutions.

He joined MX as Managing Director, Derivatives Trading in June 2016, following a 25-year career in Canada's capital markets industry leading client-facing teams in fixed income and derivatives. Prior to joining MX, he served as Managing Director, Canadian Head of the Institutional Client Group at HSBC Bank Canada. In this role, Mr. Fortin led HSBC's institutional client-facing businesses in rates and credit, derivatives, foreign exchange and money markets across Canada. Prior to HSBC, he held senior leadership positions at TD Bank and TD Securities.

Mr. Fortin is a graduate of the TD Securities Leadership program at Ivey Business School and holds a Bachelor of Commerce from University of Ottawa. He has served as Board Chair of CANMarket Data and was an Investment Industry Association of Canada board member from 2006-2010.

Glenn Goucher

Mr. Glenn Goucher has been President and Chief Clearing Officer of the Canadian Derivatives Clearing Corporation (CDCC) since December 2010. Mr. Goucher is also President of The Canadian Depository for Securities Limited (CDS), CDS is Canada's national securities depository, clearing and settlement hub for equity, fixed income and money markets. He previously held the position of Senior Vice-President and Chief Clearing Officer of the Corporation since August 2009. Prior to this position, he was the Senior Vice-President, Financial Markets for the Montreal Exchange from August 2004. Previously, Mr. Goucher was responsible for market operations, business development and marketing activities for the Montreal Exchange in multiple derivative market segments from November 2001. Prior to joining the Montreal Exchange, he held senior roles with a major Canadian bank as well as a large Canadian pension fund. Mr. Goucher brings to the Corporation's Board of Directors significant financial industry experience and in-depth knowledge of the Corporation.

Claude Turcot

Mr. Claude Turcot is a Senior Managing Director, Global Head of LDI with the Quantitative Management Team at Manulife Asset Management. Mr. Turcot and his team are responsible for mandates based on a quantitative approach, such as liability-driven investments mandates and de-risking strategies, and also for developing quantitative new products/tools/solutions. He joined Manulife Asset Management when Standard Life's Canadian operations were acquired by Manulife in January 2015. In 1983, Mr. Turcot joined Standard Life Assurance Company as an actuarial assistant. Five years later, he transferred to Standard Life Investments and assumed the role of a fixed income analyst. During his time at that company, he took on various roles and was appointed senior vice-president of the Quantitative Team in 2001. Prior to joining Standard Life, he held different roles with two major Canadian actuarial consulting firms. He is a Chartered Financial Analyst charterholder and is an Associate of both the Canadian Institute of Actuaries and the Society of Actuaries. Mr. Turcot was selected to serve on the Corporation's Board of Directors due to his extensive experience within the investment management services industry acquired as a senior officer with a major international portfolio manager.