Kevin Kennedy, appointed as an industry director, also heads the North American Markets at Nasdaq
The Canadian Investment Regulatory Organization (CIRO) has appointed Kevin Kennedy to CIRO's Board of Directors as an industry director.
Kennedy brings over 35 of experience working in the capital markets. He is executive vice-president and head of North American Markets at Nasdaq, which includes its Canadian and US operations.
“[His] capital markets expertise and deep knowledge of options and equities products will be an asset to CIRO's Board of Directors,” said Andrew Kriegler, president and chief executive officer, CIRO.
Kennedy was also the head US Derivatives at Nasdaq, where he was responsible for a full slate of options and futures products.
He is a board member for the Options Clearing Corporation and Nasdaq Canada (Nasdaq CXC Limited) and previously a board member on the Philadelphia Stock Exchange, prior to its acquisition by Nasdaq.
Kennedy started as an independent market maker and was the president of his own trading firm. He also managed Goldman Sachs's Philadelphia derivatives operation and was the vice-president in of the firm’s Equities division.
This appointment came after Luc Fortin resigned from the CIRO Board. He resigned after six years as an industry director of CIRO and the legacy IIROC board.
“On behalf of the Board I would like to thank [Fortin] for his commitment to CIRO, and for providing us with his strong expertise on market trading and regulation,” said Tim Hodgson, chair of the Board, CIRO.
The appointment is effective December 10.
