CME’s long-serving global clearing head to retire

Kim Taylor will retire at the end of the year after working at CME Group for more than 28 years.

CME Group’s president of post-trade and clearing and industry veteran Kim Taylor has announced she will retire at the end of the year.

Taylor has been part of the global derivatives exchange group for over 28 years, and played a key role in managing its historic clearing deal with the Chicago Board of Trade (CBOT) in 2003.

She was also instrumental in guiding the clearing house through the financial crisis and handling the defaults of Bear Stearns and Lehman Brothers in 2008, and then MF Global in 2011.

In 2016 Taylor was appointed president of post-trade and clearing services, following a 14 year period as president of CME clearing. She also served as president for global operations, technology and risk for three years, and was a founding member of the Women in Listed Derivatives (WILD) organisation.

Her retirement is the latest high profile departure for CME Group in a year after its former chief executive, Phupinder Gill, retired at the end of 2016.