CME Group Hires New Heads of Sales for Europe and Asia

The CME Group has just announced that it is changing the leaders of the company’s European and Asian sales teams. The company is promoting Michel Everaert to Head of Sales in Europe, where he will be responsible for the development and the Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term of the sales strategy of the firm.

Before his internal promotion, Everaert was with the company for almost 7 year. Throughout his tenure, he worked in two positions at CME Group. The first is International Head of Sales for the company’s commercials team. In March 2011, he joined the company charged with the responsibility for OTC pre- and post-trade products and services.

Everaet will be replacing Kevin Collins, who is retiring from CME Group in April 2018.

Top Deutsche Bank Talent to Head Asian Sales

CME Group has chosen to onboard a new hire to lead its sales team in Asia. The company hired Tim Smith from Deutsche Bank’s Deutsche Securities Asia unit to lead the company’s effort in the from Hong Kong. He comes with over 20 years of experience in the industry in senior trading and sales roles.

Mr. Smith joins CME Group after serving as Director at Deutsche for over 5 years. He was responsible for the Listed Derivatives and Market Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term business. The sales role which the new hire of the company was previously held by Christopher Fix, CME Group's Head of Asia Pacific on an interim basis.

Commenting on the news, the CME Group’s Chief Commercial Officer, Julie Winkler, said: “We are very pleased to have Michel and Tim lead our international client development and sales efforts, particularly as our business growth outside the U.S. continues to climb.”

“With international volumes growing 10 percent in 2017, we are seeing rising demand for our suite of benchmark products, and we are committed to helping our global client base manage their risk going forward,”

The new hires of the CME Group will report to David Hartney, the company’s Global Head of Client Development and Sales.