Bryan Durkin to step down as CME Group’s President

Maria Nikolova

Mr Durkin is set to relinquish the role of President in May 2020.

International derivatives marketplace CME Group Inc (NASDAQ:CME) today announces that Bryan T. Durkin is set to step down as President in May 2020.

At that time, Mr Durkin will commence serving as a special advisor to the company, reporting to CME Group Chairman and Chief Executive Officer Terry Duffy. Additionally, yesterday, the CME Group board of directors recommended that Mr Durkin be slated for election to the company’s board at its May 2020 Annual Meeting of Shareholders.

Bryan Durkin

Mr Durkin commented:

“I am profoundly proud to have served the clients and shareholders of CME Group through a period of tremendous growth. I have been fortunate to play a role in the dynamic expansion of the global derivatives markets and the critical risk management role they play in every economy. It has been my great honor to work with our talented team of employees around the world, and I will continue to work with Terry, the board and our management team to advance our business objectives in this new capacity.”

Mr Durkin, a 37-year veteran of CME Group, previously served as Chief Commercial Officer since 2014 and as Chief Operating Officer since 2007. As part of his responsibilities, he led the global integrations following CME’s merger with the Chicago Board of Trade (CBOT) in 2007 and CME Group’s acquisition of the New York Mercantile Exchange (NYMEX) in 2008.

Prior to joining CME Group, Mr Durkin served as Executive Vice President and Chief Operating Officer of the CBOT. Before that, he was in charge of the CBOT’s Office of Investigations and Audits.

He is a member of the COMEX Governors Committee and the Commodity Futures Trading Commission’s Technology Advisory Committee and Energy and Environmental Markets Advisory Committee. He also serves on the Board of Advisors of Misericordia.

Read this next

Digital Assets

Alameda sues Voyager Digital to recover $445 million

FTX’s failed trading arm, Alameda Research, asked a court to claw back $445 million from Voyager Digital, which it said SBF’s empire paid to the crypto lender before collapsing into bankruptcy.

Metaverse Gaming NFT

Toyota taps Astar Network to explore Web3 in grand style

Although the crypto ecosystem has faced its fair share of bumps, Japanese automaker Toyota is seemingly bullish about the space and continue to look at Web3 as a promising opportunity.

Digital Assets

Bitcoin dominates inflows into crypto funds, AuM hits $28B

As the price of bitcoin continues to consolidate around recent highs, investors expand their positions in funds designed to profit from further appreciation in the cryptocurrency.

Institutional FX

Fiserv secures major payment institution licence in Singapore

Brookfield-based financial services technology provider Fiserv Inc has obtained nod for a Major Payment Institution license in Singapore.

Institutional FX

Finalto expands NDFs line-up with Taiwanese dollar

Finalto announced today that it has expanded its non-deliverable forwards (NDFs) offering with the addition of Taiwan’s dollar to its trading platform.

Opinion

It’s time for FX to Harness Crypto’s Potential

Jonathan Cumberlidge, FX Sales Director for BVNK, makes the case for cryptocurrencies in improving the efficiency and flexibility of foreign exchange trading.

Digital Assets

Owner of OptionMint, OptionKing, and OptionQueen gets 30 months in prison

A US federal judge has sentenced Ohio resident Jared Davis, who was found guilty for his participation in a multi-million fraud scheme carried out by Israeli-run binary options websites.

Executive Moves

iS Prime co-founders Raj Sitlani and Jonathan Brewer leave, but “business as usual”

“For our clients and teams at iS Prime, iS Risk and iS Prime Hong Kong, it is business as usual. We will be increasing our investment in our technology and staff, putting our clients first as we drive the business forwards to maintain our market leadership position.”

Digital Assets

Germany-focused DekaBank taps METACO for digital asset custody offering

“Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate.”

<