Toronto-based TMX Group Ltd. announced on Thursday that Nicholas Thadaney will be stepping into the role of president and CEO of global equity capital markets effective Sept. 1.
The appointment comes just days after TMX Group’s announcement on Monday that Kevan Cowan, who was president of TSX markets and group head of equities, had left the organization to pursue other opportunities. Thadaney’s new role replaces the role that Cowan previously held.
“TMX Group has begun an essential evolution to become a technology-driven solutions provider that puts clients first,” says Lou Eccleston, CEO of TMX Group, in a statement. “Nick will bring an entirely fresh approach to the equities business by developing superior value propositions from the perspective of the market and our clients. Nick brings extensive business, leadership and client development experience, and we are excited to welcome him to our team to help drive this historic transformation of TMX.”
Thadaney, who will report to Eccleston, will be responsible for the organization’s equity listing and trading activity. He joins TMX Group after 15 years as CEO of ITG Canada Corp. in Toronto.
“I am very excited to be joining the team at TMX Group as we work together to strengthen and build upon the successes of these iconic brands, which are essential to Canada’s capital markets as well as the economy as a whole,” says Thadaney in a statement. “I am also very much looking forward to the opportunity to collaborate with our clients to help them build their businesses.”