Management Team

Luc Fortin

President and Chief Executive Officer, Montréal Exchange & Global Head of Trading, TMX Group

Luc Fortin is President and Chief Executive Officer of the Montréal Exchange (MX) and Global Head of Trading, TMX Group. His key responsibilities include leading growth in TMX's equities, derivatives and fixed income trading businesses, and delivering a world-class experience to a global client base. In 2021, his mandate was expanded to include oversight and strategic direction of the Canadian Derivatives Clearing Corporation (CDCC) and the Canadian Depository for Securities (CDS), TMX's post-trade businesses and crucial components of Canada's capital markets infrastructure.

Prior to joining MX in 2016, Mr. Fortin had a 25-year career in Canada's capital markets, leading client-facing teams in fixed income and derivatives. He previously served as Managing Director, Canadian Head of the Institutional Client Group at HSBC Bank Canada, leading their institutional businesses in rates and credit, derivatives, foreign exchange and money markets. Before this, he held senior leadership positions at TD Bank and TD Securities.

From 2006 to 2010, Mr. Fortin served as a board member for the Investment Industry Association of Canada (IIAC) and was previously Board Chair of CANMarket Data.

Mr. Fortin is a graduate of the TD Securities Leadership program at Ivey Business School and holds a Bachelor of Commerce from the University of Ottawa.

Rizwan Awan

Head of TMX Markets Products & Services & President, Equity Trading

Rizwan Awan leads the trading businesses at TMX Group's equity exchanges – Toronto Stock Exchange, TSX Venture Exchange and TSX Alpha Exchange. He also oversees products and services across TMX Markets, responsible for innovating, designing, and building market solutions across all asset classes.

Mr. Awan joined TMX in November 2020 following nearly two decades in client-facing capital markets roles at leading financial institutions. He previously served as Managing Director, Quantitative Execution Services at BMO Capital Markets, heading up trading teams covering both program and electronic trading as well as index and market structure research.

As an active participant in discussions on public policy issues relating to the Canadian market structure, Mr. Awan represents TMX on the Ontario Security Commission's Market Structure Advisory Committee and on the Investment Industry Regulatory Organization of Canada's Market Rules Advisory Committee.

Formerly Chair of the Canadian Securities Traders Association, Mr. Awan also served on the US Securities Traders Association's Board of Governors. He holds a Bachelor of Mathematics in Computer Science from University of Waterloo and is a CFA charterholder.

Todd Anthony Hargarten, CPA, CA, CFA

Head of TMX Markets Client Relationship Management

Todd Hargarten is Head of Client Relationship Management for TMX Markets. In this role, he is responsible for overseeing the TMX client portfolio, building and broadening long-term relationships with domestic and international clients.

Mr. Hargarten joined TMX Group in March 2021 following a lengthy career in capital markets, where he gained broad experience across all major product lines. Prior to joining TMX Group, he was with TD Securities and served in several senior leadership roles, including Executive Managing Director and Global Head of Securities Finance & Funding, Global Head of Sales & Origination for Equity Derivatives, and Head of Prime Brokerage and Securities Lending, where he managed the expansion of those business lines into the U.S. market.

Mr. Hargarten is a Chartered Professional Accountant and a Chartered Financial Analyst. He holds a Bachelor of Commerce from the University of Saskatchewan and a Master of Business Administration from the University of Western Ontario.

He was an active member of the CFA SocietyToronto, serving on its Board of Directors as Chair of its Advocacy and Equity committees and as a member of its Derivatives Committee. Mr. Hargarten was a member of the Board of Governors at Upper Canada College. He is a member of its Finance & Audit Committee, and former Chair of the Human Resources Committee as well as member of the Advancement Committee. Mr Hargaten is involved with charitable organizations in his community.