The Montreal Exchange (MX) has appointed Luc Fortin as managing director, derivatives trading. His focus will be on developing and deploying strategies to grow the derivatives business
Fortin, whose appointment takes effect on June 27, will also focus on the efficient delivery of new products and oversee the day-to-day operation of the derivatives market.
He brings more than 25 years of capital markets experience to MX, with a specialty in leading client-facing teams in fixed-income and derivatives. Most recently, he served as managing director, Canadian head of the institutional client group at HSBC Bank Canada.
In this role, Fortin led HSBC’s institutional client-facing businesses in rates and credit, derivatives, foreign exchange and money markets across Canada. Prior to that, he held senior leadership positions with Toronto-Dominion Bank and its subsidiary, TD Securities Inc.
“MX is proud to bring Luc Fortin, a proven, respected leader in the Canadian fixed-income and derivatives industry to our leadership team,” says Alain Miquelon, president and CEO, MX, and group head of derivatives, TMX Group Ltd., in a statement. “MX continues to work closely with our stakeholders to grow the use of derivatives in this country and to enhance the appeal of our markets to investors in Canada and around the world. I look forward to working with Luc, who brings to MX deep industry expertise and a crucial client perspective that will help shape our future direction.”
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