Canadian Derivatives Exchange*

Management Team

Luc Fortin

President and Chief Executive Officer

Luc Fortin is President and Chief Executive Officer of the Montréal Exchange (MX). His key responsibilities include leading the growth and overall operations of TMX Group's commodities businesses. As well as MX, Mr. Fortin oversees NGX, a leading North American energy exchange and central clearing counterparty (CCP) as well as Shorcan Brokers Limited, a TMX fixed income interdealer broker.

Mr. Fortin joined MX as Managing Director, Derivatives Trading in June 2016, following a 25-year career in Canada's capital markets industry leading client-facing teams in fixed income and derivatives. Prior to joining MX, he served as Managing Director, Canadian Head of the Institutional Client Group at HSBC Bank Canada. In this role, Mr. Fortin led HSBC's institutional client-facing businesses in rates and credit, derivatives, foreign exchange and money markets across Canada. Prior to HSBC, he held senior leadership positions at TD Bank and TD Securities.

Mr. Fortin is a graduate of the TD Securities Leadership program at Ivey Business School and holds a Bachelor of Commerce from University of Ottawa. He has served as Board Chair of CANMarket Data and was an Investment Industry Association of Canada board member from 2006-2010.

Glenn Goucher

President, CDCC & CDS

Glenn Goucher is President and Chief Clearing Officer of the Canadian Derivatives Clearing Corporation (CDCC), a position he has held since August 2009. Mr. Goucher is also President of The Canadian Depository for Securities Limited (CDS), Canada's national securities depository, clearing and settlement hub for equity, fixed income and money markets. Prior to this, he held several progressively senior positions with Bourse de Montréal including Senior Vice-President, Financial Markets since November 2001. Before joining the Montréal Exchange, he held positions with a major Canadian Bank in a variety of business development and management roles, and with a Canadian pension plan as a fixed income portfolio manager.

Jacques Caussignac

Vice President, Derivatives Growth and Innovation

Mr. Caussignac serves as Vice President, Derivatives Growth and Innovation. He is responsible for optimizing derivatives growth through new product development, innovation, research, execution and enhancement of client experience.

He joined the Montréal Exchange (MX) in 2016 and has more than 18 years of experience in financial markets. Prior to joining MX, he held various positions in Fixed Income and risk management at RBC Capital Markets and Addenda Capital Inc. Mr. Caussignac cofounded AlphaFixe Capital Inc., a Quebec institutional fixed income investment firm.

Mr. Caussignac has a M.Sc. in Finance from HEC Montréal.

Jean-François Bertrand

Vice President, Trading Systems

Mr. Bertrand presently serves as Vice-President, Trading Systems at the Montréal Exchange and the Toronto Stock Exchange. Mr. Bertrand is responsible for the selection and delivery of the next generation of TMX Group's trading system.

Mr. Bertrand has 19 years of experience in exchanges, clearing houses and market surveillance environments. He worked for TMX Group Information Technology, where he led, as Director, Architecture, the business and software architecture teams. He participated in the development of the SOLA technological platform and in the commercialization and implementation efforts of that technology for the Boston Options Exchange and the derivatives markets of the London Stock Exchange Group. Prior to his current position, Mr. Bertrand was Vice-President, Market Operations, Services and Connectivity at the Montréal Exchange.

Before joining the Montréal Exchange, Mr. Bertrand was active in the consulting business, first for DMR Conseil, then for Fujitsu. Mr. Bertrand holds a joint MBA from McGill University and HEC Montréal as well as a M.Sc. from Université de Montréal.

Julie Rochette

Vice President and Chief Regulatory Officer

Julie Rochette is Vice President and Chief Regulatory Officer of the Regulatory Division Montréal Exchange. In October 2015, Ms. Rochette joined the Montréal Exchange as Director, Enforcement and Legal Counsel in the Regulatory Division. She became a member of the Quebec Bar in 1994 and practised civil litigation and family mediation until 2000. Before joining the Montréal Exchange, she held various legal and compliance positions within the financial and the aerospace industries, at Laurentian Bank of Canada, National Bank Financial, the Ombudsman for Banking Services and Investments and Pratt & Whitney Canada. Her main areas of expertise are legal, compliance and regulation.

Sabia Chicoine

Chief Legal Officer

Sabia Chicoine is Chief Legal Officer, MX, CDCC. As such, Ms. Chicoine is responsible for advising the Montréal Exchange and its clearing house, CDCC, on all legal and regulatory aspects of derivatives trading and clearing operations, and businesses. Ms. Chicoine is a member of MX and CDCC senior management team. She leads the legal team part of TMX Group General Counsel's Office supporting these entities to achieve their strategic goals in all jurisdictions where they operate.

Prior to joining TMX Group in 2015, Ms. Chicoine held the position of Senior Legal Counsel, Advisory Services, at National Bank Financial. She began her career in 2005 at BCF LLP where she first practised with the Business Law group and then with the Tax Litigation group. Ms. Chicoine holds both a Common Law and Civil Law degree from McGill University and is a member of the Quebec Bar.

Seif El-Bakly

Director, Corporate Strategy, Corporate Development and Finance

Seif El-Bakly serves as Director of Corporate Strategy, Corporate Development and Finance at the Montréal Exchange. His key responsibilities include supporting the President and CEO in making strategic decisions pertaining to all facets of the business including TMX's other key businesses, NGX and Shorcan Brokers Limited.

Robert Tasca

Director, Interest Rate Derivatives and Client Solutions Group

Robert Tasca serves as Director, Interest Rate Derivatives and Client Solutions Group and leads a business development team that offers clients Canadian interest rate futures, options and technology solutions to help manage risk or generate trading opportunities. Always keeping the client top of mind, the team focuses on developing a full range of products and services for both domestic and international clients. Robert joined the organization in 1998 where he began his career on the Montréal Exchange trading floor.

Gladys Karam

Director, Equity Derivatives

Gladys Karam serves as Director, Equity Derivatives. Gladys and her Equity Team specializing in equity, ETF, index and currency derivatives, work extensively with retail and institutional market participants, both domestically and internationally, to expand the reach of Canadian equity derivatives markets.