CME Group appoints new managing director and CEO of CME Europe limited

 CME Group appoints new managing director and CEO of CME Europe limited
11.09.2014 01:00 am

CME Group appoints new managing director and CEO of CME Europe limited

People Moves

CME Group, the world's leading and most diverse derivatives marketplace, has  announced that it has appointed Cees Vermaas as Managing Director and CEO of CME Europe Limited, its London-based derivatives exchange, effective 2 January 2015.

Vermaas, whose appointment as CEO is subject to regulatory approval by the Financial Conduct Authority (FCA), will report to William Knottenbelt, CME Group Senior Managing Director, Europe, Middle East and Africa (EMEA). Vermaas will be responsible for the ongoing build-out of CME Europe to meet the needs of customers in the European marketplace, following the exchange's initial launch in April 2014 with 30 FX futures products and seven biofuel products.

"We are very pleased to welcome Cees to CME Group in this critical role leading and growing our new European derivatives exchange," said Knottenbelt.  "His deep exchange experience, coupled with his strong understanding of the diverse needs of European market participants for risk management and liquidity access in local jurisdictions, will be a tremendous resource as we look to extend our product offering across multiple asset classes."

In addition to CME Europe, CME Group's infrastructure investment in Europe has grown through the CME European Trade Repository that began operations in February of this year and 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.  Through this integrated offering, CME Group is well positioned to continue serving the European marketplace and expanding its international footprint overall.

Vermaas served as CEO of NYSE Euronext Amsterdam and as a member of the Management Committee of NYSE Euronext since 2010, with global responsibility for international business development for cash and listings.  Prior to that, he served as Executive Vice President, Head of European Cash Markets, where he was responsible for NYSE Euronext's European cash trading business, including equities, fixed income, operations, projects and business development.  He originally joined Euronext in 2002 as Director Cash Market Netherlands before being promoted to Executive Director Sales and Marketing, Cash Market.  His background also includes a decade working in IT and commercial roles at leading Dutch and international companies. 

Vermaas holds a degree in business engineering from the Rijswijk University of Technical Education in The Netherlands.  He serves on the Board of Directors of the Confederation of Netherlands Industry and Employers and the American Chamber of Commerce of the Netherlands.  He also is a Board Member of the Dutch Securities Institute and an Ambassador of the War Trauma Foundation.

A complete list of products, members and product specifications can be found at http://www.cmegroup.com/europe/. Clearing services for CME Europe will be provided by CME Clearing Europe

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest ratesequity indexesforeign exchangeenergyagricultural commoditiesmetalsweather and real estate.  CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.

CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.  CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  KCBOT, KCBT and Kansas City Board of Trade are trademarks of The Board of Trade of Kansas City, Missouri, Inc.  All other trademarks are the property of their respective owners.

Related News

BIS Appoints Bénédicte Nolens as Head of the BIS Innovation Hub Hong Kong Centre

The Bank for International Settlements (BIS) today announced the appointment of Bénédicte Noella Nolens as head of the BIS... Read more »

genesis appoints Nick Kolba as Global Head of Platform

genesis, the global capital markets software firm, has further expanded its management team by appointing Nick... Read more »

Colt Technology Services appoints new Chief Executive Officer

Colt Technology Services has today announced the appointment of Keri Gilder as... Read more »

TORA expands global outsourced trading with two new traders based in New York

TORA, provider of the industry’s most advanced cloud-based and leading order and execution management system (OEMS), today announced two new... Read more »

UK Fintech Rimilia Announces New Chairman of the Board and Key Leadership Appointments

Rimilia, the leading SaaS-based fintech company, today announced it’s continuing to accelerate its growth with the recent appointment of Rob Luddy as Chairman of the Board,... Read more »

Sysnet Global Solutions Strengthens Senior Leadership Team

 Sysnet Global Solutions, a leading provider of cyber security and compliance solutions, has today announced several key... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel