International head departure sees CME rethink EMEA and Asia leadership

Head of international, William Knottenbelt, is retiring from CME Group after nearly 11 years, with multiple individuals set to replace him to foster a “local” approach in the regions.

CME Group has reshuffled its leadership to refocus attention on growing its business in Europe, the Middle East and Africa (EMEA) and Asia following the announced departure of its head of international.

Several individuals have been selected by the exchange operator to replace William Knottenbelt, who is retiring after 11 years with CME Group at the end of this year.

Michel Everaert has been appointed managing director and head of EMEA, in a newly created role. He originally joined CME Group in 2011, most recently serving as its managing director and co-head of client development and sales (CD&S) for EMEA.

Former head of Asia Pacific derivatives indexes for MSCI, Russell Beattie, has also been tapped to join CME Group in May as managing director and head of Asia Pacific, replacing Chris Fix, who retired last month. Previously in his career, Beattie held APAC leadership roles at Bank of America Securities, Barclays, Deutsche Bank and HSBC.

“Building on that momentum, the organisational changes announced today further elevate both the significance and opportunities that these regions represent to our overall business and reflect the many achievements of our talented regional team members,” said Derek Sammann, senior managing director, global head of commodities, options and international markets, to whom Everaert and Beattie will report.

“Our new structure will enhance our ability to provide local expertise and globally relevant products and services to meet the diverse risk management needs of our clients around the world.”

Serge Marston has also been appointed managing director and head of CD&S for EMEA, responsible for leading CME Group’s sales efforts across both listed derivatives and cash markets in the region after originally joining CME Group in 2018 following its acquisition of NEX Group.

Prior to joining CME, Marston previously spent 20 years at Deutsche Bank serving in several roles including global head of eCommerce sales.

The leadership revamp is the second made by CME Group in the last few weeks after it appointed new directors to its FX and its BrokerTec teams from across NatWest Markets, TFSEdge and Societe Generale Corporate and Investment Banking.