CME Group Expands International Leadership
CME Group, the world’s leading and most diverse derivatives marketplace, today announced the expansion of several leadership positions in its international business:
• William Knottenbelt has been appointed Senior Managing Director, International. He will oversee the company’s core business growth, customer relationships and new business opportunities throughout Europe, the Middle East and Africa (EMEA), Asia and Latin America, reporting to CME Group Chief Commercial Officer Bryan Durkin.
• Kevin Collins has been appointed Managing Director, Client Development & Sales – International, leading all sales efforts across asset classes for the EMEA, Asia and Latin America regions, reporting to Durkin.
• Martin Fraenkel has been appointed Global Head of Energy, overseeing the development and execution of CME Group’s energy strategy in the U.S. and internationally, reporting to Derek Sammann, CME Group Global Head of Commodities and Options Products.
“CME Group’s international business continues to grow, now representing nearly 25 percent of our volume, and our footprint has expanded to meet our European, Asian and Latin American clients’ business needs,” said CME Group Executive Chairman and President Terry Duffy. “The appointments announced today reflect our continuing commitment to serving our global customer base and to developing the products and services clients need, both in their own regions and worldwide.”
“William, Kevin and Martin represent strong leadership in our international businesses, where growth continues to outpace that in the U.S.,” said CME Group CEO Phupinder Gill. “These leaders will ensure we continue to reach our international clients by building on our London-based exchange and clearing house that serve both European and Asian markets, our trading repositories, our services such as the London Silver price mechanism, as well as bringing to market new products in our pipeline, such as a suite of European Natural Gas futures, physically delivered Cocoa futures and physically delivered Gold Kilo futures.”
CME Group now operates 13 offices globally, with European headquarters in London, Asian headquarters in Singapore and Latin American headquarters in Sao Paolo. In addition to CME Europe, launched in April 2013, CME Group’s infrastructure investment to serve both Europe- and Asia-based clients has grown through the opening of CME Clearing Europe in May 2011, which provides clearing services for more than 200 OTC commodity and financial products as well as for CME Europe, and also through the CME European Trade Repository that began operations in February of this year. In addition, CME Group, along with Thomson Reuters, launched the new LBMA Silver Price mechanism in partnership with the London Bullion Market Association (LBMA) in August 2014.
CME Group’s global energy complex, led by Fraenkel, trades approximately 1.6 million contracts a day and includes the world’s leading benchmark NYMEX WTI, Brent, Gasoline, Heating Oil and Henry Hub Natural Gas futures and options contracts.