LONDON and CHICAGO, April 4, 2016 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the appointment of Paul Houston as Executive Director, Global Head of FX.
Reporting to Sean Tully, Senior Managing Director, Financial and OTC Products, CME Group, Houston will be responsible for leading the development, execution and management of the exchange's FX business globally. He will be based in London.
Houston joins CME Group from Deutsche Bank in London where he was Head of FX & Fixed Income Prime Brokerage and Listed Derivatives Client Solutions in Europe, Middle East and Africa. In that role, he delivered a range of FX, OTC rates and credit clearing, listed derivatives clearing and execution products and services to institutional clients including hedge funds, asset managers and banks.
"We are pleased to welcome Paul to CME Group," commented Sean Tully, Senior Managing Director, Financial and OTC Products, CME Group. "His experience working in senior management roles in FX businesses at major dealers will complement our FX business at CME. He has a demonstrable track record of exceptional client service and business development, and will be a real asset to the business as we look to expand our footprint globally."
Before joining Deutsche Bank in 2012, Houston ran global FX and fixed income prime brokerage teams at a number of banks including Credit Suisse, RBS and JP Morgan Chase in London and New York. He is a member of the Chartered Institute of Management Accountants and the Association of Corporate Treasurers.
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 products and metals. Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its exchanges based in Chicago, New York and London. CME Group also operates one of the world's leading central counterparty clearing providers through CME Clearing and CME Clearing Europe, which offer clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives. CME Group's products and services ensure that businesses around the world can effectively manage risk and achieve growth.
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SOURCE CME Group