Senior Management

Jay Rajarathinam

Jay Rajarathinam

President, CDS and CDCC
Chief Technology and Operations Officer, TMX Group Limited

Mr. Jay Rajarathinam is President of CDS and CDCC and Chief Technology and Operations Officer for TMX Group Limited. He is responsible for the development and execution of the overall technology vision and strategy for TMX, focusing on enabling business growth through technology innovation and optimizing operations. Mr. Rajarathinam has almost 20 years of financial services technology experience, and has managed global teams across a wide range of infrastructure and application domains, including trading, clearing, e-commerce, security and surveillance systems, and networks. Prior to joining TMX Group in July 2016, he served as Senior VP, Global Head of Infrastructure at NYSE / Intercontinental Exchange. Earlier in his career, Mr. Rajarathinam held senior technology leadership positions at Barclays and at Wells Fargo.

Mr. Rajarathinam holds a MS in Computer Science from the University of Illinois and an MBA in Finance and Strategy from the University of Chicago.

Jean-François Bertrand

Jean-François Bertrand

Chief Operating Officer, CDCC

Mr. Jean-François Bertrand is Chief Operating Officer of CDCC. Mr. Bertrand has 19 years of experience in exchanges, clearing houses and market surveillance environments. He worked for TMX Group Information Technology, where he led, as Director, Architecture, the business and software architecture teams. He participated in the development of the SOLA technological platform and in the commercialization and implementation efforts of that technology for the Boston Options Exchange and the derivatives markets of the London Stock Exchange Group. Prior to his current position, Mr. Bertrand was Vice-President, Post-Trade Systems, CDCC-CDS, Vice-President, Trading Systems at the Montréal Exchange and Toronto Stock Exchange and Vice-President, Market Operations, Services and Connectivity at the Montréal Exchange. Before joining the Montréal Exchange, Mr. Bertrand was active in the consulting business, first for DMR Conseil, then for Fujitsu.

Mr. Bertrand holds a joint MBA from McGill University and HEC Montréal as well as an M.Sc. from Université de Montréal.

George Kormas

George Kormas

Vice-President, Chief Risk Officer, CDCC
Chief Risk Officer, CDS

Mr. George Kormas is the Vice-President, Chief Risk Officer for CDCC and the Chief Risk Officer for CDS with responsibility for the overall risk profile and risk management operations for the two clearinghouses. He brings a depth of experience spanning financial industries and the field of risk management.

Mr. Kormas holds a Master of Science in Finance (MSc) from Concordia University, Montreal.

Joseph Ernst

Joseph Ernst

Chief Compliance Officer, CDS and CDCC
Vice President, Legal and Business Affairs, TMX Group Limited

Mr. Joseph Ernst has been the Chief Compliance Officer of CDS and CDCC since December 2017 and as Vice President, Legal and Business Affairs, for TMX Group Limited, the ultimate parent of CDS and CDCC, since August 2015. Mr. Ernst previously served as Vice President, Commercial & Compliance, for TMX Group Limited from January 2013 to August 2015 and has served in various roles in the legal department of TMX Group Limited since 2001.

Mr. Ernst holds a Bachelor of Laws degree from Osgoode Hall Law School.