News Release

CME Group Announces New Heads for Equity and Interest Rate Businesses

Mon Aug 08 2011

CHICAGO, Aug. 8, 2011 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the following additions to its product leadership team:

  • Michael Kilgallen, Managing Director, Equity Products
 

Kilgallen, 39, will be responsible for advancing the growth strategy for the company's equity index business line.  He will be based in New York and will report to Scot Warren, Managing Director, Equity Index Products and Services.

 

 
 

Prior to joining CME Group, Kilgallen gained more than 15 years of experience in the global securities industry.  He most recently served as Managing Director, Global Prime Finance for Citigroup's Equities Division.  He also worked as Vice President, Portfolio Manager and Co-Head of Trading for the Quantitative Equity Group within Goldman Sachs & Co.'s Investment Management Division

 

 
 

He holds a bachelor's degree in business management from Saint Peter's College and is Series 3, 7 and 63 registered.

 

 
 

CME Group is the world's leading marketplace for equity index futures and options, offering trading on key benchmarks including the S&P 500, NASDAQ-100, Dow Jones Industrial Average, Nikkei 225 and S&P CNX Nifty indexes. In addition, CME Group has a number of global partnerships that expand the equity index product suite and provide customers with access to futures contracts based on leading non-U.S. benchmarks.

 

 
 
  • Sean Tully, Managing Director, Interest Rate Products
 

Tully, 47, will be responsible for leading and developing the company's global interest rate business.  He will be based in New York and will report to Derek Sammann, Managing Director, FX and Interest Rate Products.  Tully succeeds Robin Ross, who is resigning to pursue other interests.  Ross will remain with the company until year end to ensure a seamless transition.

 

 
 

Tully's financial services career spans more than 20 years, including most recently serving as Managing Director, Global Head of Credit and Fixed Income Trading at WestLB in London.  During his tenure at WestLB, he held roles of increasing responsibility including Managing Director, Regional Head of Derivatives, Americas and Managing Director, Regional Head of Trading.  He also traded interest rate derivatives at Citibank and Greenwich Capital, running a global team in the interest rate swap business, and as a proprietary trader.

 

 
 

He holds a bachelor's degree, magna cum laude, from Potsdam College and a master's degree in mathematics from Clarkson University.  He is the author of "Restoring Confidence in the Financial System, See-Through Leverage: A Powerful New Tool for Revealing and Managing Risk."

 

 
 

CME Group is the global market center for all interest rate risk management, including listed derivatives as well as cleared OTC interest rate swaps. Customers have access to the deepest liquidity and the most diverse suite of products in order to manage their financial risk across the curve from 30 days to 30 years.  With over 39 million contracts outstanding in open interest, CME Group's interest rate products deliver greater capital efficiencies, plus the proven safety and security of CME Clearing.

 
 


 

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 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 world's leading central counterparty clearing providers, which offers 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.

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.  All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.

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SOURCE CME Group

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