CME appoints new MD of FX

CME has announced the appointment of Derek Sammann as Managing Director, Foreign Exchange (FX) Products.

First Published by e-Forex News: October, 2006

CME has announced the appointment of Derek Sammann as Managing Director, Foreign Exchange (FX) Products. Sammann, who has over 15 years of experience in the global FX market, will lead CMEs FX product group and will report to Rick Redding, Managing Director, Products & Services. He replaces Rick Sears who moved from CME to a senior leadership position at FXMarketSpace, the companys new joint venture with Reuters.<br>
Derek Sammann
Sammann, 38, joins CME from Calyon Corporate and Investment Bank in London, where he served as Managing Director, Global Head of FX Options and Structured FX Products. Sammann will be responsible for executing CMEs global FX growth strategy, which includes expanding the companys global client base, enhancing the FX options offerings on CME Globex and further developing CMEs core FX business.