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Alpha Group CEO Jos Schmitt
Alpha Group CEO Jos Schmitt
(Sami Siva For The Globe and Mail)

Alpha execs to step down in October

The man who led TMX Group’s biggest rival is stepping down now that his company has been taken over by its one-time foe.

Jos Schmitt, currently the head of Alpha Group, is leaving his post at the end of October, along with Randee Pavalow, Alpha’s chief listings officer and general counsel. Successors haven’t been named, but the Alpha division now reports to TMX’s equities team, led by Kevan Cowan.