CME Group Names Harriet Hunnable as Managing Director, Metals Products

LONDON and NEW YORK, Jan. 27, 2011 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that it has named Harriet Hunnable as Managing Director, Metals Products.  Hunnable, 44, will be responsible for developing and executing the company's global metals business strategy.  She will be based in London and will report to Joe Raia, Managing Director, Energy and Metals Products.

"Harriet's deep market expertise and extensive client relationships make her an ideal candidate to lead our global metals business," said Raia.  "CME Group operates the most liquid metals markets in the world, and having Harriet run this business from London underscores our commitment to globalizing our business and putting business owners in the regions where we see the greatest opportunities to continue growing our markets and client base."

Before joining CME Group, Hunnable gained more than 20 years of experience in global metals markets, most recently serving as Senior Manager at Macquarie Bank in London, where she was responsible for deal generation in the bank's commodities sector. Prior to working for Macquarie, she worked as a Business Development Manager for a division of Standard Bank.  She also has served as Director, Precious Metals Sales, for UBS Warburg and as a Vice President for Merrill Lynch.  She began her commodities career with NM Rothschild & Sons.  She holds a bachelor's degree from Trinity College, Dublin.

CME Group metals volume averaged 316,000 contracts per day in 2010, up 40 percent from the prior-year period, while open interest reached roughly two million.  The company also introduced a number of new metals products in 2010 including e-micro gold futures and iron ore swap futures.

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 commodities, metals, weather and real estate.   CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®.   These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago.  NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  All other trademarks are the property of their respective owners.  Further information about CME Group (Nasdaq: CME) and its products can be found at www.cmegroup.com. 

CME-G

SOURCE CME Group

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