Thomas A. Kloet

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Thomas Kloet
Kloet.jpg
Occupation Chief Executive Officer
Employer TMX Group
Location Toronto, Canada
Website www.fimat.com

Thomas A. Kloet is a long-time financial industry executive and the former chief executive officer of TMX Group Ltd. (TMX), the parent company of the Toronto Stock Exchange, the Toronto Venture Exchange, the Montréal Exchange, NGX and the TSX Venture Exchange.[1] He became CEO of TMX Group Inc., the predecessor of TMX Group Ltd., in June 2008 and continued in the role after the company was acquired by the consortium of 13 financial institutions and pension funds known as the Maple Group Acquisition Corp. in 2012. He stepped down as CEO in October 2014.[2] [3] [4]

Kloet helped oversee the expansion of TMX Group, including the addition of new offices in London, New York, Sydney and Beijing and a more than doubling of its number of international companies listed. He also oversaw the attempt at a billion-dollar merger with the London Stock Exchange that was thwarted by the Maple Group after a long takeover battle.[5]

From 2000-02, Kloet served as the chief executive officer and executive director for the Singapore Exchange Limited (SGX).[6]

Kloet was elected to Nasdaq's board of directors as a non-executive director in March 2015.[7]

Background

Prior to his position at SGX, Kloet served on the board of directors for the Chicago Mercantile Exchange (CME) and the Chicago Stock Exchange. At the CME, Kloet was a three term board treasurer and was a member of the Chicago Mercantile Exchange Executive Committee chairing its clearing house; finance, political action, budget and planning; and benefits and compensation committees. He also vice-chaired the strategic planning committee, which created the demutualization plan for the CME. [8][9]

Kloet was previously senior executive vice-president and chief operating officer of Fimat USA Inc. - now part of Newedge - and an FCM representative on the board of directors of the National Futures Association.[10] Kloet is a former member of the Appeals Committee and currently serves on the Finance Committee of National Futures Association.

He also serves as the chairman of the working group of the World Federation of Exchanges.[11]

While chief executive officer of Singapore Exchange Ltd. Kloet oversaw the integration of the country's stock and monetary markets and the initial public offering of Singapore Exchange shares.[12]

He has also managed derivatives businesses at international brokerages.[13]

Education

Registration Information

  • Thomas A. Kloet - NFA ID 0216924

References

  1. TSX Group Inc. Press Release. TSX Group Inc..
  2. Tom Kloet extends stay at TMX Group as replacement speculation mounts. FP Street.
  3. TMX CEO Thomas Kloet, who oversaw company’s expansion, to retire at end of August. The Financial Post.
  4. TMX Group CEO Thomas Kloet Extends Contract. press release via CNN Money.
  5. TMX CEO Thomas Kloet, who oversaw company’s expansion, to retire at end of August. The Financial Post.
  6. Background. investing.businessweek.com.
  7. Thomas A. Kloet Elected to Nasdaq's Board of Directors. Nasdaq.
  8. Speech Excerpts. wold-exchanges.org.
  9. Financial News. efinancialnews.com.
  10. Finance Committee 2008. National Futures Association.
  11. 2010 Annual Report & Statistics. {{{org}}}.
  12. "TMX Group's new CEO says commodities contract trading is attractive". Yahoo News Canada.
  13. "TMX Group CEO seeks to beef up equity derivatives". Reuters.