CME Group has announced a regional leadership structure to support its expanding international business, aiding the provision of local expertise, products and services for risk management needs of clients.
Michel Everaert has been appointed managing director and head of Europe, the Middle East and Africa (EMEA) at CME’s London office.
Everaert joined CME in 2011, most recently serving as the company’s managing director and co-head of client development and sales (CD&S) for EMEA. He brings more than 30 years of experience in derivatives markets, including roles at IMEX Group, GFI Group, Logica, Reuters and Dow Jones.
In May, Russell Beattie will join CME’s Singapore office as managing director and head of Asia Pacific.
Beattie brings more than 25 years of experience in listed and over-the-counter derivatives markets. Having served as executive director for Asia Pacific, indices derivative product specialist for MSCI, Beattie also held a number of APAC leadership positions for the Bank of America Securities, Barclays, Deutsche Bank and HSBC.
Both hires will report to Derek Sammann, senior managing director, global head of commodities, options and international markets.
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 listed derivatives and cash markets.
Marston will be based in London and will report to David Hartney, global head of CD&S.
Commenting on the appointments, Sammann says: "After record volume growth in EMEA and Asia Pacific for each of the past 10 years, approximately 30 per cent of our revenue is now generated from non-US markets.
"Building on that momentum, the organisational changes announced today elevate the significance and opportunities that these regions represent to our overall business, and reflect the many achievements of our talented regional team members. To that end, I want to thank William for his contributions in getting us to this point in the continued evolution of our international business.”
