Patrick McDonagh is the new director of business development at the recently opened office of Dow Jones Indexes in Toronto.

McDonagh was a former manager of institutional development for the Toronto Stock Exchange. In his new role, he will promote and support existing Dow Jones Index products as well as develop new licensing opportunities in the Canada.

McDonagh will also be responsible for promoting Dow Jones Index products to institutions, and supporting market participants with market statistics and information.

Prior to joining Dow Jones, McDonagh spent six years at the Toronto Stock Exchange in the positions of manager institutional business development (equities) and manager index and derivative product development. He has also held positions at State Street Bank and Midland Walwyn Capital. He began his career as a retail stockbroker at Prudential Securities.

Michael Petronella, managing director of Dow Jones Indexes, welcomed McDonagh to the firm. “His expertise in the Canadian market will help to enhance the visibility of the Dow Jones Canada 40 index, which is an ideal investable index for the Canadian marketplace,” said Petronella.