CME Group, a diverse derivatives exchange, appoints Michael O’Connell as Managing Director in Clearing Business Development.
CME Group provides industry with a comprehensive set of risk management services processing more than two billion contracts a year. It’s a large derivatives clearing organization.
O’Connell will be responsible for developing CME Clearing products and services. Among senior positions held by O’Connell are the role of Senior Vice President at Northern Trust Corporation. Prior to Northern Trust, O’Connell was Managing Director, Head of Equity Derivative Trading/Risk at Bank One NA. His background also includes trading and trading management roles at the Chicago Board Options Exchange, D.E. Shaw & Co and Hull Trading Company, respectively.
IN the role of managing director Michael O’Connell will report to Kim Taylor, Managing Director and President of CME Clearing.
“Michael’s deep knowledge of financial markets will be a tremendous asset to CME Group as we work to extend our centralized clearing capability and the safety and soundness we deliver to the global marketplace,” says Kim Taylor, managing director and president, CME Clearing. “We look forward to applying Michael’s expertise as we continue to provide our customers with transparent, liquid markets for risk management.”
L.D.