Business
CME Group Announces New Regional Leadership Structure to Strengthen Focus on International Business Growth and Facilitate Enhanced Service to Clients Outside the United States
CHICAGO, LONDON and SINGAPORE, April 12, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced a new regional
About this update from Cme Group Inc.
[{"type":"text","content":"CHICAGO, LONDON and SINGAPORE, April 12, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced a new regional leadership structure to support its growing international business in Europe, Middle East and Africa (EMEA) and Asia Pacific.\nThe new structure is designed to enhance the company's ability to provide local expertise and globally relevant products and services that meet the diverse risk management needs of its clients around the world. Reporting to Derek Sammann, Senior Managing Director, Global Head of Commodities, Options and International Markets and a member of the CME Group Management Team, the following executives have been appointed to new roles:\nMichel Everaert, has been named Managing Director and Head of EMEA, a new position based in London. Everaert joined CME Group in 2011 and most recently served as the company's Managing Director and Co-Head of Client Development & Sales (CD&S) for EMEA. He has 30 years of experience in derivatives markets including roles at IMEX Group, GFI Group, Logica, Reuters and Dow Jones.Russell Beattie will join CME Group in May as Managing Director and Head of Asia Pacific. Based in Singapore, Beattie has over 25 years of experience in the listed and OTC derivatives markets and most recently served as Head of Asia Pacific Derivatives Indexes for MSCI. He also held APAC leadership roles for Bank of America Securities, Barclays, Deutsche Bank and HSBC. He replaces Chris Fix who retired in March 2022.Additionally, Serge Marston has been appointed Managing Director and Head of CD&S for EMEA, responsible for leading CME Group's sales efforts in the region across both listed derivatives and cash markets. Marston will be based in London and will report to David Hartney, Global Head of CD&S. Marston joined CME Group in 2018 following the company's acquisition of NEX Group and most recently served as Co-Head of CD&S for EMEA. Marston previously worked at Deutsche Bank for nearly 20 years where he held a variety of roles including Global Head of eCommerce Sales.\nWilliam Knottenbelt, who currently serves as Senior Managing Director, Head of International, will retire at yearend. \n\"After record volume growth in EMEA and Asia Pacific for each of the past 10 years, approximately 30% of our revenue is now generated from non-U.S. markets,\" said Sammann. \...