CME Group Announces New Regional Leadership Structure to Reinforce Focus on International Business Growth and Facilitate Improved Service to Customers Outside of the United States
CHICAGO, LONDON and SINGAPORE, April 12, 2022 /PRNewswire/ — CME Group, the world’s leading derivatives market, today announced a new regional leadership structure to support its growing international business in Europe, Middle East and Africa (EMEA) and Asia Pacific.
The new structure is designed to strengthen the company’s ability to provide local expertise and globally relevant products and services that meet the diverse risk management needs of its customers worldwide. Report to Derek SammanSenior 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:
Michel Everaertwas appointed Managing Director and Head of EMEA, a new position based in London. Everaert joined CME Group in 2011 and most recently served as Managing Director and Co-Head of Customer Development and Sales (CD&S) for the EMEA region. He has 30 years of experience in the derivatives markets, notably with the IMEX group, the GFI group, Logica, Reuters and Dow Jones.
Russell Beattie will join CME Group in May as Managing Director and Chief Asia Pacific. Situated at 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 has also held senior APAC positions for Bank of America Securities, Barclays, Deutsche Bank and HSBC. He replaces Chris Fix who retired in March 2022.
Besides, Serge Marston was appointed Managing Director and Head of CD&S EMEA, responsible for leading the CME Group’s sales efforts in the region, both in the listed derivatives and cash markets. Marston will be based at London and 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 the EMEA region. Marston previously worked at Deutsche Bank for nearly 20 years, where he held various positions including Global Head of E-Commerce Sales.
William Knottenbeltwho currently holds the position of Senior Managing Director, Head of International, will retire at the end of the year.
“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-US markets,” Sammann said. “Building on this momentum, the organizational changes announced today further reinforce the importance and opportunities that these regions represent our global business and reflect the many accomplishments of the talented members of our regional team. To this end, I would like to thank William for his contribution in bringing us to this stage in the continued evolution of our international business.
“I am now happy to name Michel Everaertwho is a long-time CME Group employee, to lead our EMEA region and appoint Russell Beattie run our business in Asia Pacific. Our new structure will strengthen our ability to provide local expertise and globally relevant products and services to meet the diverse risk management needs of our customers around the world. »
In Q1 2022, excluding United States, CME Group reached an average daily volume (ADV) of 7.3 million contracts, up 18% year-on-year. The increase was driven by 17% growth in EMEA (5.1 million ADV contracts) and 22% growth in Asia Pacific (1.9 million ADV contracts), compared to the same period last year.
In 2021, CME Group recorded a record ADV of 5.5 million contracts outside the United States, which represents 28% of the total volume. EMEA volume reached a record 4 million ADVs, up 3%; Asia Pacific reached a record 1.3 million ADVs, an increase of 5%; and Latin America the volume increased by 5% over the same period.
About CME Group
As the world’s leading derivatives market, CME Group (www.cmegroup.com) enables its clients to trade futures, options, cash and over-the-counter markets, optimize portfolios and analyze data, which enables market players around the world to effectively manage risks and seize opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indices, currencies, energy, agricultural commodities and metals . The company offers futures and futures options through the CME Globex® platform, fixed income through BrokerTec, and foreign exchange trading through the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are services and/or registered trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor’s Financial Services LLC and S&P/Dow Jones Indices LLC, as applicable, and have been licensed licensed for use by Chicago Mercantile Exchange Inc. All other marks are the property of their respective owners.
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SOURCE CME Group