Derivatives marketplace leader CME Group has named Christopher Fix as its newest managing director and head of Asia-Pacific (APAC) business, who is slated to join the group on June 3, 2015.
Back in October, CME group brought in William Knottenbelt as its senior managing director, international, following the departure of Julien Le Noble. This followed on the back-end of a series of sweeping personnel changes at the top-end of its management, culminating in a variety of hires and departures in the fall of 2014.
In his new role as managing director and head of APAC, Mr. Fix will be based out of Singapore, where he will be tasked with leading CME Group’s efforts to develop benchmark products and services in line with a growing regional customer base – he will be reporting to William Knottenbelt.
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In addition to his new position and appointment, Mr. Fix has also been named to the board of Dubai Mercantile Exchange (DME) and as chairman of DME Asia Pte Ltd. DME has its roots in 2007, having been launched as a joint venture between CME Group, Dubai Holdings and the Oman Investment Fund.
Prior to joining CME Group, Mr. Fix served as the chief executive officer at DME since August 2012, having pioneered DME’s strategic development with the broader financial community. Additionally, Mr. Fix also worked over two decades at BNP Paribas in a number of senior executive roles, including most recently as its head of marketing for commodity futures, Asia Pacific.
According to Mr. Knottenbelt in a recent statement on the appointment, “Asia Pacific is a key component of our international strategy and we now generate over 30 per cent of our revenues from outside the US as our global efforts to expand continue to take root.”
“We are excited to have Christopher on board, and we are confident that with his understanding and knowledge of the Asia Pacific markets, he is well-positioned to lead the team in the region, and further drive our efforts to help clients with their risk management needs,” he added.