The Foundation is Laid - Funding of Project Alpha and Senior Leadership Team in Place
Aug 16, 2007
TORONTO, Aug. 16 /CNW/ - Project Alpha announced today that the funding and senior leadership team, which represent the foundation of its new Alternative Trading System (ATS), are in place. Project Alpha's ownership group is comprised of nine Canadian financial institutions, providing representation of diverse interests in the Canadian financial market place. They are: BMO Capital Markets, Canaccord Capital Corporation, CIBC World Markets, CPP Investment Board, Desjardins Securities Inc., National Bank Financial, RBC Capital Markets, Scotia Capital Inc. and TD Securities Inc. The fully operational senior leadership team, representing a wealth of domestic and international experience and expertise in establishing and operating trading venues, is comprised of the following executives:- CEO - Jos Schmitt, - CFO - Tom Brown, - Head of Legal Matters - Michael Brady, - CAO - Ian Hendry, - CIO - Karl Ottywill, - Head of Operations and Regulatory Matters - Randee Pavalow, - Head of Marketing and Sales - Tim Thurman."We have now established the corner stones upon which the Alpha ATS is being built," said Project Alpha CEO Jos Schmitt. "Strong sponsors, solid funding and a proven leadership team provide us with an excellent foundation. This remains, nevertheless, only the beginning of the journey. The quality and commitment of our team and our sponsors, however, make me feel very comfortable that we will successfully reach our destination: establishing an ATS that will provide Canadian capital markets with increased liquidity and improved efficiency, leveraging the virtues of competition." For further information regarding Project Alpha, visit www.project-alpha.ca.
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For further information: For media information, contact: Michael Brady, (416) 304-3936 ext. 2364, firstname.lastname@example.org