TMX Group Inc. has named Peter Conroy as president of wholly-owned subsidiary, Shorcan Brokers Ltd., replacing James Magee, who becomes a special advisor to the organization.

“TMX Group is very grateful to Jimmy for his leadership at Shorcan,” said Tom Kloet, TMX Group CEO. “I am pleased that he will continue to act as a senior advisor to Shorcan and continue to be a member of its board of directors.”

Prior to accepting this role, Conroy was director of futures market at the Montreal Exchange. He has also held positions in the equity trading and listings business at the Toronto Stock Exchange as well as senior roles at CBID Markets and PriceMetrix.

“Shorcan will play a strategic role in the TMX Group. We are committed to work with our clients for the development of the Canadian-fixed income marketplace,” said Luc Bertrand, deputy CEO of TMX Group. “Peter brings important leadership skills and experience to this role and I am confident that, together with his Shorcan colleagues, he will achieve excellent results.”