News Release

CME Group Names Timothy Andriesen as Managing Director, Agricultural Commodities

Tue Aug 18 2009

 

 

 

CHICAGO, Aug. 18 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives marketplace, today announced that it has named Timothy Andriesen as Managing Director, Agricultural Commodities. Andriesen, 49, will be responsible for developing and executing the global business and sales strategy for the company's agricultural commodities product line. He will report to Barry Goldblatt, CME Group Managing Director, Commodities, Equities and Energy Products and will be based in Chicago.

 

"Tim's extensive experience in both over-the-counter (OTC) and listed agricultural commodities markets will be a tremendous asset to us as we continue to offer our customers around the world with leading products and risk management services," said Goldblatt. "As we continue to provide more OTC and listed futures products, Tim will take the lead in working with customers on how to best provide solutions for managing risk and price discovery."

 

CME Group offers the widest range of commodity derivatives available at any exchange, with futures and options on grains, livestock, oilseeds, dairy, lumber, and other benchmark products. These products are available through the company's trading floors, its CME Globex® electronic trading platform and CME ClearPort®, a set of flexible clearing services open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes.

 

Prior to joining CME Group, Andriesen most recently served as Managing Director, Agribusiness for National Australia Bank/nabCapital in New York. He also worked as Managing Director, Commodities/Commodities Sales in the firm's Sydney office and as Senior Vice President of Commodities based in New York. His background also includes senior risk management and agricultural trading roles with Zurich Capital Markets, Louis Dreyfus Corporation, Rabobank International and Koch Industries.

 

Andriesen earned his bachelor's degree in marketing with a specialization in international business from Southern Illinois University.

 

As the world's largest 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 rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather 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 largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

 

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group and its products can be found at www.cmegroup.com.

 

CME-G

 

 

SOURCE CME Group

SOURCE: CME Group

Web site: http://www.cmegroup.com/

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