TMX Group CFO Michael Ptasznik Resigns as Nasdaq Names him CFO

After nearly 8 years as Chief Financial Officer (CFO) of TMX Group Limited and more than 20 years with the company, Michael Ptasznik has resigned from the group to pursue another opportunity, according to an official corporate statement from the Toronto-based operator of exchanges and clearinghouses.

Having joined TMX Group in 1996 as Director of Finance Planning and Analysis, Mr. Ptasznik continued his 20-year term with the company after becoming CFO in 2000 and leading finance and corporate development, and strategic planning functions, as described iån a TMX Group statement.

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Frank DiLiso named interim CFO

Mr. Ptasznik had served on the Accounting Standards Oversight Council and was previously a member of the Boards of Directors of the Canadian Depository for Securities Limited, according to a profile description on TMX Group’s website.

Until a permanent successor is appointed to replace Mr. Ptasznik, TMX Group said that the interim CFO role will be held by Frank DiLiso, the firm’s Vice President of Corporate Finance and Administration.

"Michael has played a central role in navigating the company through many transformational events, including demutualizing, going public, merging with Montreal Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and completing the Maple transaction," said Lou Eccleston, Chief Executive Officer, TMX Group, commenting in a corporate statement. "The Board of Directors and the entire TMX team join me in thanking Michael for these contributions and for his leadership."

Ptasznik joins Nasdaq as CFO

Around the time of publication of this article, Nasdaq announced that it has appointed Michael Ptasznik as Chief Financial Officier (CFO). He begins on July 11th 2016.

Commenting in a corporate announcement regarding the new hire, Nasdaq CEO Bob Grefield said: "We are excited to have a lifetime financial and operational leader like Michael join our management team. His broad spectrum of operational expertise coupled with widespread recognition in the exchange industry for strategic thinking, creative resource allocation, and managing through a dynamic industry will continue to facilitate Nasdaq's advancement as a financial technology company."

"I am excited to have the opportunity to join Nasdaq at a time where the company has positioned itself for continued growth globally," said Mr. Ptasznik. "I look forward to enabling its further success as a client-centric innovator and financial technology leader by serving the company's customers, employees and shareholders."