CME Group Names Marcus Katz Director, Interest Rate Products
CHICAGO, Dec 11, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --
CME Group, the world's largest and most diverse derivatives exchange, today announced that it has named Marcus Katz as Director, Interest Rate Products. Katz, 47, will be responsible for expanding CME Group's presence in the over-the-counter (OTC) interest rate market and growing the company's global customer base. These responsibilities will include leading efforts to market CME Group's benchmark interest rate products as tools to replicate OTC derivative transactions and developing new interest rate products and services related to the OTC markets. He will report to Robin Ross, Managing Director, Interest Rate Products.
With more than 20 years of experience in the financial services industry, Katz most recently served as Founder and Managing Partner of Winnemac Investments LLC, a fixed income asset management company located in Chicago. He was also Head of Risk Solutions for Lehman Brothers Inc. in New York and Global Head of Corporate Derivatives for Bank of America in Chicago.
Katz earned his bachelor's degree, magna cum laude, from West Virginia University and his MBA with concentrations in finance and marketing from Northwestern University's Kellogg School of Management.
CME Group (http://www.cmegroup.com) is the world's largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York. By acting as the buyer to every seller and the seller to every buyer, CME Clearing virtually eliminates counterparty credit risk. CME Clearing also offers $7 billion in financial safeguards to help mitigate systemic risk, providing the security and confidence market participants need to operate, invest and grow. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. CME Group is listed on NASDAQ under the symbol "CME."
The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex and E-mini, 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, New York Mercantile Exchange, and ClearPort 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 http://www.cmegroup.com.
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