The CME has promoted Derek Sammann to managing director, financial products and services. Sammann, who reports to Rick Redding, will be responsible for leading the development, execution and management of the CME Group’s interest rate, equity and FX product lines. He was previously global head of FX products. “Derek’s addition to our management team will further strengthen the capabilities of our leadership team as we continue to successfully execute our global growth strategy,” says Craig Donohue, the CME’s chief executive.
Redding adds: “Derek’s experience growing CME Group FX volumes by approximately 75% over the last four years, as well as his expertise broadening our global team and our product offering as the largest regulated FX marketplace in the world, will be a tremendous asset to us as we expand our on-exchange and OTC offerings in our interest rates, equities and FX business lines.”