CME Group Names Timothy Andriesen as Managing Director, Agricultural Commodities
August 18 2009 - 12:06PM
PR Newswire (US)
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
(http://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 http://www.cmegroup.com/. CME-G DATASOURCE: CME Group CONTACT:
Media, Allan Schoenberg, +1-312-930-8189, or Mary Haffenberg,
+1-312-930-3435, , or Investors, John Peschier, +1-312-930-8491,
all of CME Group Web Site: http://www.cmegroup.com/
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