Richard Carleton was appointed CEO of the Canadian Securities Exchange in July 2011. During his tenure, Richard and the CSE team have positioned the exchange to take a leading role in the provision of public capital to entrepreneurial companies; since 2014, the CSE has set a series of records for new listings, capital raised by issuers and trading turnover. An early advocate for the cannabis industry, the CSE is the global exchange leader in the sector. Recognized by the Financial Post Magazine as one of Canada’s “25 Cannabis Industry Power Players”, and a recipient of the American Trade Association for Cannabis and Hemp’s “Captain of Industry” Award in November 2018, Richard is a frequent speaker on early-stage company finance issues around the world.
In addition to his responsibilities with the CSE, Richard is a director of two private companies: Tetra Trust Company, Canada’s first qualified custodian for cryptocurrency assets, and Blue Ocean ATS, LLC, a US broker dealer which operates an ATS providing after hours trading in US equities. Richard is also a member of two not-for-profit boards: the Empire Club of Canada, and the Private Capital Markets Association. He was also recently named to the Ontario Securities Commission’s “Market Structure Advisory Committee”.
A member of the Law Society of Ontario since 1987, Richard is a graduate of the University of Ottawa (B.A. ’81) and the University of Toronto (LL.B. ’85). He has also completed the executive development programme at the Wharton School, University of Pennsylvania.
Mary Anne PalangioCFO
Mary Anne Palangio is Chief Financial Officer of the Canadian Securities Exchange. Her role includes managing and directing the accounting and financial reporting functions for the company as well as administration and human resources. Additionally, she works closely with the CEO and senior management team on corporate strategy and business development. Mary Anne was a Director of the company from 2016 through to her resignation in early 2020 to take on her current role. During this period she served as Chair of the Audit Committee and as Chair of the Human Resources Committee.
Mary Anne was previously CFO at Converge Technology Solutions Corp., a publicly traded North American hybrid IT solutions provider and prior to that she was the CFO of LOGiQ Asset Management Inc., a publicly traded asset management firm. Previously Mary Anne spent over 7 years at Manulife in the following roles: SVP, Global Head of Operations and Data Management, Investment Division; SVP, Chief Information Officer, Group Functions; and VP, General Fund Investment Systems. Before joining Manulife, Mary Anne held senior finance and investment operational roles with Perimeter Financial Corp., The Canada Life Assurance Company, Mackenzie Financial Corporation and Ontario Teachers Pension Plan. Mary Anne started her career with Deloitte where she obtained her Chartered Accounting designation. She is a CPA, CA and CFA and holds a BA in Commerce and Economics from the University of Toronto.
Tracey SternChief Legal Officer, General Counsel & Corporate Secretary
Tracey Stern and her team are responsible for risk, legal and compliance matters relating to the Canadian Securities Exchange. Tracey joined the CSE after more than two decades at the Ontario Securities Commission (OSC) where she led the team responsible for market structure policy and the regulation of exchanges and alternative trading systems. During her tenure with the OSC, Tracey amassed deep expertise in both Canadian and global market structure and regulation through her service as a regulatory participant in most key market structure initiatives for Canada. She also served as Chair of IOSCO Committee 2 on the Regulation of Secondary Markets:; a committee of global market structure experts spanning more than 30 jurisdictions.
Tracey is a member of the Master of Financial Innovation & Technology Advisory Board at Smith School of Business at Queen’s University and the co-author of A Framework for Responsive Market Regulation, published in 2019 by the University of Oxford Press.
She received her B.A. in Economics from Western University and her J.D. from Osgoode Hall Law School.
Mark FaulknerSenior Vice President, Listings & Regulation
Appointed Senior Vice President in February 2022, Mark joined the CSE immediately after it was recognized as a quotation and trade reporting system in 2003 and was most recently VP, Listings & Regulation. Mark is responsible for the Exchange’s regulatory activities including new listings and ongoing issuer compliance. In 2021, the CSE published the most comprehensive policy changes since being recognized as an exchange, consistent with its public interest mandate and regulatory obligations and in line with the CSE’s proven model of streamlined regulation and customer service.
Prior to joining the CSE Mark had a 14-year career at the Toronto Stock Exchange and Market Regulation Services ("RS") in both trading services and regulatory positions. Mark played the primary role in the development and implementation of automated market maker performance systems, introduced the use of link analysis in Market Surveillance Investigations, and developed reports to support compliance activities for market participants.
Robert CookSenior Vice President, Market Development
Mr. Cook is primarily responsible for the development of a range of services to companies listed on the CSE and for the composition and maintenance of the CSE Composite Index. He has been a member of the executive management team of the exchange since 2002. He currently serves on the Ontario Securities Commission’s Small and Medium Enterprise Advisory Committee. Immediately prior to joining the CSE, he held the position of V-P Market Surveillance, Market Regulation Services Inc., which was created in 2001 by the Toronto Stock Exchange (TSE) and the Investment Dealers Association of Canada (IDA) to regulate Canadian markets.
Rob had a 19-year career at the TSE where he held a number of positions in listed company regulation including Director, Original Listings, followed by six years as Director, Market Surveillance. Before that he worked in the mining industry for three years as a mineral economist for a major mining company and an international consulting firm.
Rob holds an Honours BA in Economics from York University (1977) and an MBA from the Ivey School of Business, University of Western Ontario (1979).
James BlackVice President, Listings Development
James Black is the VP, Listings Development for the Canadian Securities Exchange (“CSE”). Based in Toronto, ON Mr. Black manages the CSE’s domestic and international programs for attracting exciting new companies to the exchange as well as evangelizing the CSE as “the Exchange for Entrepreneurs”.
Prior to James’ tenure at the CSE, he was a manager at the National Angel Organization where his focus was on helping Angel groups launch, network with one another, and establish best practices for investing. He graduated from Ryerson University in Toronto with Honours majoring in Entrepreneurial studies.
Stuart SchadyVice President, Trading & Market Data
Stuart joined the CSE in 2019 and is responsible for developing the CSE Secondary Market, as well as ensuring that CSE Market Data is efficiently administered to users.
Stuart is responsible for managing the growth and strategy of the Trading and Market Data business lines at the CSE. Stuart is focused on ensuring that the Dealer community is supported through new market initiatives and data products. His team works tirelessly to provide coverage to their clients and support the growth of the CSE’s listings business.
Prior to joining the CSE, Stuart held numerous positions at the Standard Bank of South Africa as well as its wholly owned subsidiary SBG Securities. He had his first exposure to Canadian capital markets at Iress Canada.
Stuart holds an M.Comm. in Economics from Rhodes University.
David TimpanyVice President, Technology & Operations
David Timpany is the VP, Technology and Operations for the Canadian Securities Exchange (“CSE”). Mr. Timpany is responsible for leading the design, development and implementation of organizational information systems, software applications, IT support and infrastructure systems. Prior to joining the CSE, David was a Project Manager at Basis 100/EFA software where he managed the software development and implementation for many stock exchanges throughout the world. At the Haskayne School of business, University of Calgary, David earned a Bachelor of Commerce degree with a concentration in Management Information Systems (MIS) in 1997.