Dallas’ homegrown bourse announced additions to its leadership team as it approaches launch.
The Texas Stock Exchange unveiled its board of directors Monday alongside Jaime Gow, who will become the chief financial officer of parent company TXSE Group.
Gow was most recently the executive vice president and CFO of Sagent, a Coppell-based fintech company backed by private equity firm Warburg Pincus. Before that, he held the same positions at Dallas-based mortgage servicer Mr. Cooper Group, in addition to leadership positions at Capital Bank, First Horizon National Corporation and Terremark Worldwide Inc.
The 12-person TXSE board, meanwhile, features leaders from quantitative trading firms Jane Street and Hudson River Trading, Charles Schwab managing director and head of operational services Jeff Starr, former Cboe Global Markets and New York Stock Exchange executive Laura Morrison, and Jaime Llano, managing director and head of trading at Teacher Retirement System of Texas, the sixth-largest public pension fund in the U.S.
Also on the board are Rebecca Rettig, chief operating officer and chief legal officer of blockchain trading infrastructure startup Jito Labs, and notable Dallas businessman and longtime president and CEO of the George W. Bush Presidential Center Ken Hersh.
TXSE founder and CEO James Lee and Rick Roberts, a former commissioner at the U.S. Securities and Exchange Commission, are the only two members of the TXSE board who also serve on the board of TXSE Group.
“Our Board members — leaders who have built companies, shaped markets, and navigated the most complex regulatory environments in the world — represent another institutional validation of TXSE’s mission,” Lee said in a release. “TXSE’s single organizing purpose is to set the conditions that make companies want to be public. The addition of Jaime and these directors gives us additional expertise and governance as we work to bring real competition to America’s public markets.”
Though subject to change, a phased rollout of trading on the TXSE platform will begin in July, followed by ETF listings in September and first corporate listings in October, per the exchange’s website.
