CME Group has named Derek Sammann managing director of financial products and services. He will be charged with leading the development, execution and management of the interest rate, equity and FX product lines.
Most recently Sammann was managing director and global head of FX options and structured products at Calyon Corporate and Investment Bank in London. Sammann has also previously served as managing director and global head of foreign exchange products for CME Group.
In a company statement, Craig Donohue chief executive officer at CME Group, said, “CME Group continues to expand its core business and customer base around the world, with our broad suite of financial risk management products comprising approximately 75 percent of our total volume. Derek's addition to our Management Team, along with Barry Goldblatt who leads our commodity, energy and metals business, and Laurent Paulhac who leads our OTC business, will further strengthen the capabilities of our leadership team as we continue to successfully execute our global growth strategy.”
Added Rick Redding, managing directory of products and services at CME Group, “Derek's experience growing CME Group FX volumes by approximately 75 percent 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.”