TSX Group Names Richard Nesbitt CEO - President Of TSX Markets Has Led Many Trading Initiatives Since 2001

The Board of Directors of TSX Group Inc. today named Richard Nesbitt as Chief Executive Officer. Mr. Nesbitt was hired in the newly created position of President, TSX Markets, in 2001. During the last three years he has introduced a number of innovative changes to the trading and market data divisions of TSX Group.

Earlier this year he led the deal team in the successful acquisition of NGX Canada, a Calgary based exchange for the trading and clearing of natural gas and electricity contracts.

Mr. Nesbitt’s time at TSX Group has been punctuated with a series of market improvements which now offer participants greater choices on the TSX Group’s exchanges. All are based on the best practices of exchanges from around the world and continue to define TSX Group as a market leader.

Wayne Fox, Chair of TSX Group, said, “Richard brings an impressive proven track record of success given his accomplishments here at TSX Group. The Board is confident he can bring that same drive and innovative spirit in leading the company forward.”

Following Barbara Stymiest’s resignation September 9th, the TSX Group Board convened a search committee and it undertook the process of evaluating and reviewing many candidates including Mr. Nesbitt. The committee made its recommendation to the TSX Group Board of Directors on Tuesday at its regular meeting. Mr. Nesbitt accepted the job today.