A Smooth Transition At The Helm Of The Montreal Exchange

The Montreal Exchange is planning a smooth transition at its helm. Following a proposal by Mr. Gérald A. Lacoste, President and CEO of the Montreal Exchange, the Governing Committee has formed a search committee to recommend a successor to Mr. Lacoste. Mr. Lacoste will remain President and CEO of the Montreal Exchange until his successor takes office, and will continue to act as a special advisor to the Exchange until the end of next year. "Gérald has played a leading role in the restructuring of the Canadian exchanges, and is an important contributor to our reputation internationally. We are very pleased that he will continue to be on our team until the end of next year," said Luc Bertrand, Chairman of the Governing Committee of the Montreal Exchange. Mr. Lacoste will continue to serve as member of the Executive Committee of the International Federation of Stock Exchanges (FIBV) and President of the International Options Markets Association (IOMA). "Aside from the fact that this has been a wonderful job for me personally for the last 6 years, I am pleased to contribute to a smooth and orderly transition at a time when the Montreal Exchange faces exciting new challenges. Considering the significant restructuring we have undertaken, I believe it's the right time to plan on finding my successor, " said Gérald A. Lacoste. In addition to offering exchange services to Quebec-based small cap issuers, the Montreal Exchange, also known as the Canadian Derivatives Exchange, trades derivatives products such as equity and bond options, futures and options on Three-month Canadian Bankers' Acceptances (BAX, OBX), on 10-year and 5-year Government of Canada Bonds (CGB, CGF and OBX), as well as the newly launched futures and options on the S&P/TSE 60 index (SXF, SXO). The Montreal Exchange offers institutional and individual investors a complete range of strategic risk management products adapted for today's management portfolio needs.