"Mr. Loumeau brings vast and solid experience to the Montreal Exchange, enabling us to accelerate our development strategy in the area of derivative products. The Montreal Exchange is growing rapidly, and Mr. Loumeau's expertise will contribute significantly to our strategic and competitive positioning both nationally and internationally", said Luc Bertrand, President and Chief Executive Officer of the Montreal Exchange.
"We are sorry that Philippe Loumeau is leaving us, but also glad that he is joining the Montreal Exchange, an organization with which we share a long history of amicable relations and cooperation", said Jean-François Théodore, Chairman and Chief Executive Officer of ParisBourse.
Mr. Loumeau's appointment completes the senior management committee put in place by Luc Bertrand, comprising of Giovanni Giarrusso, Senior Executive Vice-President, Markets; Louise Laflamme, Senior Vice-President, Finance, Human Resources and Administration; and René Millette, who recently accepted the position of Chief of Strategy and Information Technology. Mr. Millette is a mathematician with a Masters degree in Applied Mathematics from Queen's University. He has worked in various areas of information technology, and recently led the Y2K team at Parisbas bank of France.
The new management team is supported by Léon Bitton, Vice-President, Research and Development, Rosanna Teti, Vice-President, Business Solutions, Information Technology; Richard Bourbonnière, Vice-President, Floor Operations; and Jacques Tanguay, Vice-President, Member Regulation.
"Given its products, know-how and advantageous location, the Montreal Exchange offers extraordinary business opportunities. I am both pleased and proud to be offering my experience towards the new mission of the Montreal Exchange", said Philippe Loumeau.
The Montreal Exchange is recognized as the Canadian Derivatives Exchange™. Founded more than 125 years ago, the Montreal Exchange has always played a leading local, national and international role. The Montreal Exchange was the first Canadian exchange to list options, and subsequently established a major futures market. The Montreal Exchange is a member of the GLOBEX? Alliance, the first global electronic trading network of derivative products. The Montreal Exchange provides both individual and institutional investors with a full range of products adapted to market needs, trading over 50,000 contracts a day with a notional value of over $210 billion.
