CME Group has appointed a new managing director, head of Asia Pacific (APAC) following the departure of Chris Fix, who announced his retirement earlier this year.
Russell Beattie will take on the role, based in Singapore, bringing with him a wealth of experience in APAC prime services and listed derivative execution and clearing distribution.
Beattie joins from MSCI, where he served as executive director, APAC, index derivative product specialist, based in Hong Kong.
Prior to that, he served at Bank of America Merrill Lynch for close to seven years, most recently as director, head of APAC, futures and options and OTC clearing.
Before that, he was director, head of APAC marketing, futures and options and OTC clearing.
In addition, Beattie severed in a variety of senior positions over the years at Barclays Investment Bank, Deutsche Bank and HSBC Global Banking and Markets.
In a social media post announcing his appointment, Beattie said: “Today marks the start of my journey as managing director and head of Asia Pacific at CME Group. I am very excited to be in this role and would like to take this opportunity to thank everyone for the very warm welcome!”
Following a seven-year tenure at CME Group, Fix retired from the firm after previously leading the financial derivatives exchange’s growth strategy for the APAC region, overseeing partnerships with regional exchanges and developing products and services to meet existing and prospective clients’ needs.
Fix has served in the region for the past 30 years at the likes of CME Group, Dubai Mercantile Exchange and BNP Paribas.
His departure followed that of John Pietrowicz, chief financial officer of the firm, who announced plans to retire at the end of next year. After two decades at CME Group, Pietrowicz will leave the exchange operator to be replaced by Lynne Fitzpatrick, current deputy financial chief of CME Group.