TMX Group Management

Management criteria checks 3/4

TMX Group's CEO is John McKenzie, appointed in Jan 2020, has a tenure of 4.25 years. total yearly compensation is CA$4.23M, comprised of 18.9% salary and 81.1% bonuses, including company stock and options. directly owns 0.045% of the company’s shares, worth €3.09M. The average tenure of the management team and the board of directors is 4 years and 7.5 years respectively.

Key information

John McKenzie

Chief executive officer

CA$4.2m

Total compensation

CEO salary percentage	18.9%
CEO tenure	4.3yrs
CEO ownership	0.04%
Management average tenure	4yrs
Board average tenure	7.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John McKenzie's remuneration changed compared to TMX Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$4m	CA$800k	CA$356m
Sep 30 2023	n/a	n/a	CA$374m
Jun 30 2023	n/a	n/a	CA$370m
Mar 31 2023	n/a	n/a	CA$364m
Dec 31 2022	CA$3m	CA$750k	CA$543m
Sep 30 2022	n/a	n/a	CA$528m
Jun 30 2022	n/a	n/a	CA$524m
Mar 31 2022	n/a	n/a	CA$510m
Dec 31 2021	CA$5m	CA$750k	CA$339m
Sep 30 2021	n/a	n/a	CA$322m
Jun 30 2021	n/a	n/a	CA$316m
Mar 31 2021	n/a	n/a	CA$306m
Dec 31 2020	CA$4m	CA$541k	CA$280m
Sep 30 2020	n/a	n/a	CA$255m
Jun 30 2020	n/a	n/a	CA$247m
Mar 31 2020	n/a	n/a	CA$257m
Dec 31 2019	n/a	n/a	CA$248m
Sep 30 2019	n/a	n/a	CA$270m
Jun 30 2019	n/a	n/a	CA$266m
Mar 31 2019	n/a	n/a	CA$284m
Dec 31 2018	CA$2m	CA$385k	CA$286m
Sep 30 2018	n/a	n/a	CA$256m
Jun 30 2018	n/a	n/a	CA$246m
Mar 31 2018	n/a	n/a	CA$212m
Dec 31 2017	CA$1m	CA$342k	CA$191m

Compensation vs Market: John's total compensation ($USD3.10M) is about average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

John McKenzie (49 yo)

4.3yrs

Tenure

CA$4,234,364

Compensation

Mr. John D. McKenzie, B.B.A., C.M.A., C.P.A. & M.B.A., has been Chief Executive Officer at TMX Group Limited since August 17, 2020 and has been its Director since August 17, 2020. Mr. McKenzie served as In...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John McKenzie	CEO & Director	4.3yrs	CA$4.23m	0.045% CA$ 3.1m
David Arnold	Chief Financial Officer	2.8yrs	CA$1.44m	0.0015% CA$ 106.0k
Jayakumar Rajarathinam	Chief Operating Officer	5.8yrs	CA$2.47m	0.0042% CA$ 289.0k
Luc Fortin	President	6.3yrs	CA$1.84m	0.0058% CA$ 399.1k
Peter Conroy	Chief Executive Officer of Trayport	2.2yrs	CA$1.43m	0.0016% CA$ 110.8k
Amin Mousavian	Vice President of Investor Relations	no data	no data	no data
Cheryl Graden	Chief Legal & Enterprise Corporate Affairs Officer and Corporate Secretary	9.1yrs	CA$1.30m	0.0013% CA$ 88.8k
Shane Quinn	Head of Communications & Public Affairs	no data	no data	no data
Cindy Bush	Chief Human Resources Officer	3.3yrs	no data	0.00078% CA$ 53.7k
Loui Anastasopoulos	CEO of Toronto Stock Exchange & Global Head of Capital Formation	3.7yrs	no data	no data

4.0yrs

Average Tenure

Experienced Management: 9TX's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John McKenzie	CEO & Director	3.7yrs	CA$4.23m	0.045% CA$ 3.1m
Monique Mercier	Corporate Independent Director	1.9yrs	CA$163.33k	no data
Mohammad Kermani	Independent Director	3.6yrs	CA$221.67k	no data
William Linton	Independent Corporate Director	11.8yrs	CA$326.67k	no data
Kevin Sullivan	Corporate Director	11.8yrs	CA$200.00k	no data
Audrey Mascarenhas	Independent Director	2.9yrs	CA$170.00k	no data
Luc Bertrand	Independent Chairman of the Board	12.9yrs	CA$308.00k	1.08% CA$ 74.5m
Martine Irman	Corporate Independent Director	9.4yrs	CA$240.00k	no data
Nicolas Darveau-Garneau	Independent Director	5.6yrs	CA$210.00k	no data
Claude Tessier	Independent Director	3.6yrs	CA$231.67k	0.0022% CA$ 149.3k
Eric Wetlaufer	Corporate Independent Director	11.8yrs	CA$225.00k	no data
David Wood	Chairman of the Canadian Depository for Securities Limited	14.3yrs	no data	no data

7.5yrs

Average Tenure

61yo

Average Age

Experienced Board: 9TX's board of directors are considered experienced (7.5 years average tenure).

TMX Group Management

Management criteria checks 3/4

Key information

Recent management updates

TMX Group Limited, Annual General Meeting, May 03, 2024

TMX Group Announces Retirement of James Waddell, Vice-President, Chief Internal Auditor

TMX Group Limited Approves Appointment of Ava Yaskiel as Director

TMX Group Limited, Annual General Meeting, May 02, 2023

TMX Group Announces Directors Appointments

TMX Group Limited, Annual General Meeting, May 03, 2022

Recent updates

TMX Group Limited to Report Q1, 2024 Results on May 02, 2024

Upcoming dividend of CA$0.18 per share at 2.1% yield

TMX Group Limited announced that it expects to receive CAD 1.1 billion in funding

Fourth quarter dividend of CA$0.18 announced

TMX Group Limited, Annual General Meeting, May 03, 2024

Full year 2023 earnings released: EPS: CA$1.28 (vs CA$1.95 in FY 2022)

TMX Group Limited Declares Dividend, Payable on March 8, 2024

TMX Group Limited to Report Q4, 2023 Results on Feb 05, 2024

TMX Group Limited (TSX:X) entered into an agreement to acquire remaining 78% stake in ETF Flows LLC from Aretex Capital Partners and others for $950 million.

Upcoming dividend of CA$0.18 per share at 2.5% yield

Third quarter 2023 earnings released: EPS: CA$0.31 (vs CA$0.29 in 3Q 2022)

TMX Group Limited Declares Dividend, Payable on December 1, 2023

TMX Group Limited to Report Q3, 2023 Results on Oct 30, 2023

Second quarter 2023 earnings released: EPS: CA$0.35 (vs CA$0.33 in 2Q 2022)

TMX Group Limited to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of CA$0.87 per share at 2.4% yield

TMX Group Announces Retirement of James Waddell, Vice-President, Chief Internal Auditor

TMX Group Limited Approves Appointment of Ava Yaskiel as Director

First quarter 2023 earnings released: EPS: CA$1.60 (vs CA$4.78 in 1Q 2022)

TMX Group Limited (TSX:X) acquired an unknown remaining stake in SigmaLogic, Inc.

TMX Group Limited (TSX:X) acquired an unknown majority take in SigmaLogic, Inc.

Upcoming dividend of CA$0.87 per share at 2.5% yield

Full year 2022 earnings released: EPS: CA$9.74 (vs CA$6.03 in FY 2021)

TMX Group Limited, Annual General Meeting, May 02, 2023

TMX Group Limited Declares Dividend, Payable on March 10, 2023

TMX Group Limited to Report Q4, 2022 Results on Feb 06, 2023

TMX Group Limited (TSX:X) agreed to acquire Wall Street Horizon, Inc.

Now 21% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: CA$1.46 (vs CA$1.37 in 3Q 2021)

TMX Group Limited Declares Dividend, Payable on November 24, 2022

TMX Group Limited to Report Q3, 2022 Results on Oct 26, 2022

Upcoming dividend of CA$0.83 per share

Second quarter 2022 earnings released: EPS: CA$1.65 (vs CA$1.38 in 2Q 2021)

TMX Group Limited Declares Dividend, Payable on August 26, 2022

TMX Group Limited to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of CA$0.83 per share

TMX Group Announces Directors Appointments

First quarter 2022 earnings released: EPS: CA$4.78 (vs CA$1.71 in 1Q 2021)

TMX Group Limited Declares Dividend, Payable on June 3, 2022

TMX Group Limited to Report Q1, 2022 Results on May 02, 2022

TMX Group Limited, Annual General Meeting, May 03, 2022

TMX Group Limited Declares Dividend, Payable on March 11, 2022

TMX Group Limited (TSX:X) completed the acquisition of AST Investor Services Inc. (Canada) from Armor Holdco, Inc.

TMX Group Limited Declares Dividend, Payable on June 11, 2021

TMX Group Limited, Annual General Meeting, May 12, 2021

TMX Group Limited announced that it has received CAD 250 million in funding

TMX Group Limited announced that it expects to receive CAD 250 million in funding

TMX Group Limited to Report Q4, 2020 Results on Feb 08, 2021

TMX Group Limited Appoints Cindy Bush as Chief Human Resources Officer, Effective December 7, 2020

TMX Group Limited to Report Q3, 2020 Results on Nov 04, 2020

TMX Group Limited (TSX:X) entered into an agreement to acquire AST Investor Services Inc. (Canada) from Armor Holdco, Inc. for approximately CAD 170 million.

TMX Datalinx, TMX Group Limited's Information Services Division to Provide Yahoo Finance with Real Time Market Data for Canada's Premier Equities Markets

TMX Group Limited Names John McKenzie as New Chief Executive Officer

TMX Group Limited to Report Q2, 2020 Results on Aug 05, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age