Mr. Kloet has spent the last five years as the Senior Executive Vice-President and Chief Operating Officer of Fimat USA, LLC and its successor company, Newedge USA, LLC and, prior to that, was the CEO of Singapore Exchange Limited. He will assume his position in Toronto on July 14, 2008(x). He will also become a member of the Board of TSX Group Inc.

Wayne Fox, Chair of TSX Group, said, "Tom brings a very impressive track record of success in a number of key areas and we believe he is the right person to drive the future of our new integrated TMX Group." He went on to say, "He has extensive experience in equities, derivatives, clearing and electronic trading. As the first CEO of SGX, he led the successful integration of the Stock Exchange of Singapore and the Singapore International Monetary Exchange into SGX and its initial public offering in 2000 Our Board came to a unanimous decision on Tom."

Mr. Kloet said, "I am thrilled to be assuming the exciting challenge of integrating the newly combined businesses of TSX Group and Montreal Exchange and taking TMX Group forward to an increased presence on the global stage. I am looking forward to working with the dedicated and experienced senior management team including Luc Bertrand, Rik Parkhill and Michael Ptasznik, who all have deep and invaluable industry experience."

On May 1, TSX Group completed its business combination with Montreal Exchange Inc. Shareholders of TSX Group will vote on a company name change to TMX Group Inc. on June 11, 2008. The combination of the two companies provides the organization with a new vision for the future of the Canadian capital markets. The new TMX Group will redefine the Canadian capital markets and strengthen its global positioning. TMX Group lists, trades, clears and offers market data for both cash and derivatives markets across multiple asset classes.

Biography

Thomas A. Kloet was named CEO of TMX Group Inc. and joins on July 14, 2008. Mr. Kloet08. Mr.08. Mr. Kloet has served as Senior Executive Vice President and Chief Operating Officer of the American Zone for Fimat and its successor, Newedge Group, since 2003. In this role he is responsible for management of the firm's major operating departments in the zone, including operations, finance, risk management, information technology and client services.

Previously, from 2000 to 2002, he served as the first Chief Executive Officer and Executive Director of Singapore Exchange Limited. At SGX he led the exchange through its transformation from a mutual utility to a commercial entity. During Mr. Kloet's tenure at SGX, it introduced an open infrastructure for its electronic securities trading system (SGX Access), created a securities borrowing and lending business, brought forward the liberalisation of securities market commission rates and introduced a new facility for over-the-counter trades. SGX also implemented a regional listing strategy, introduced a new set of listing rules and adopted a new code of corporate governance. During Mr. Kloet's term, SGX introduced new products in the equities market, such as Exchange Traded Funds and REITS, and expanded its array of international and domestic derivative products. Mr. Kloet led SGX through its initial public offering and listing on its own exchange in November, 2000.

Prior to this, Mr. Kloet was Senior Managing Director for ABN AMRO, Inc., the US investment banking unit of ABN AMRO Bank, NV, where he was responsible for all operating activity of the global derivatives business and managing subsidiary brokerage companies in Singapore, Hong Kong, Tokyo and Sydney.

Previous to ABN AMRO, Mr. Kloet served as Chief Operating Officer at Credit Agricole Futures Inc. in Chicago and as an executive officer of its parent, Segespar Capital Members, Inc.

He was an elected member of the Board of Directors of the Chicago Mercantile Exchange from 1996 until he assumed his position at SGX. He served three terms as Board Treasurer and was a member of the Chicago Mercantile Exchange Executive Committee chairing its Clearing House; Finance, Budget and Planning; and Benefits and Compensation Committees. He vice-chaired its Strategic Planning Committee, which developed the demutualization plan for the CME. He also served on the Board of the CME Political Action Committee.

In addition to his past board memberships at SGX and CME, Mr. Kloet currently serves on the board of CBOE Futures Exchange, Inc. and National Futures Association. He is a past board member of the Chicago Stock Exchange. Mr. Kloet also serves on the non-profit boards of Elmhurst College and Elmhurst Memorial Healthcare.

A certified public accountant, Mr. Kloet is a member of AICPA and the Illinois CPA Society. He graduated with a bachelor's degree in business administration from the University of Iowa in 1980. Mr. Kloet is married with two children.