Thomas S. Caldwell's career in the investment industry began in 1965 after he graduated from McGill University with an honors degree in economics. He worked in research and sales in Montreal, New York and Toronto prior to founding Caldwell Securities Ltd. in 1980. As Chairman and Chief Executive Officer of Caldwell Financial Ltd. and Urbana Corporation, Mr. Caldwell is a significant investor in brokerage and investment management companies as well as securities exchanges throughout North America and internationally.