Senior Management

George Kormas

George Kormas

President, CDCC

Mr. George Kormas is President of CDCC. He is a long-time TMX employee with over 20 years of experience in the post-trade business and a proven track record of balancing commercial, risk management and regulatory needs. Prior to his current role, he was Vice-President, Chief Risk Officer for CDCC and Chief Risk Officer for CDS with responsibility for the overall risk profile and risk management operations for the two clearinghouses.

Mr. Kormas holds a Master of Science in Finance (MSc) from Concordia University, Montreal.

Jean-François Bertrand

Jean-François Bertrand

Chief Operating Officer, CDCC

Mr. Jean-François Bertrand is Chief Operating Officer of CDCC. 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, Post-Trade Systems, CDCC-CDS, Vice-President, Trading Systems at the Montréal Exchange and Toronto Stock Exchange and 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 an M.Sc. from Université de Montréal.

Olivier Léon

Olivier Léon

Interim Chief Risk Officer, CDCC and CDS

Mr. Olivier Léon is Interim Chief Risk Officer for CDCC and CDS. He has over six years of experience at TMX and, most recently, led the CDCC and CDS enterprise risk and operational risk management frameworks as Director, Enterprise Risk Management and Operational Resiliency. Before joining TMX, he worked as a senior consultant advising companies in the financial industry on operational risk, business continuity and regulatory compliance.

Mr. Léon holds an MBA from Laval University and a Master in Management from Montpellier Business School in France.

Joseph Ernst

Joseph Ernst

Chief Compliance Officer, CDS and CDCC
Vice President, Legal and Business Affairs, TMX Group Limited

Mr. Joseph Ernst has been the Chief Compliance Officer of CDS and CDCC since December 2017 and as Vice President, Legal and Business Affairs, for TMX Group Limited, the ultimate parent of CDS and CDCC, since August 2015. Mr. Ernst previously served as Vice President, Commercial & Compliance, for TMX Group Limited from January 2013 to August 2015 and has served in various roles in the legal department of TMX Group Limited since 2001.

Mr. Ernst holds a Bachelor of Laws degree from Osgoode Hall Law School.