Chicago-based CME Group (NASDAQ: CME), has drafted Jacob Frenkel, Chairman of the Board of Trustees for the G-30, Chairman of the Board of Governors of Tel Aviv University and Chairman of JPMorgan Chase International, to its Competitive Markets Advisory Council (CMAC).
CMAC was established by Nobel Laureates Myron Scholes and Gary Becker in partnership with CME Chairman Emeritus Leo Melamed. Current members include: John P. Gould, Lars Peter Hansen, Andrew Lo, Robert C. Merton, Michael H. Moskow, Myron Scholes and Robert J. Shiller. This panel of expert serves as a think tank to develop and provide advice to the CME Board in the form of policy, analysis, position papers and other strategic recommendations on significant market issues.
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“I am pleased to join this group of my former University of Chicago Colleagues and other distinguished economists at the Competitive Markets Advisory Council of the CME Group,” said Frenkel.
“I am delighted that Dr. Frenkel has accepted our nomination to become a member of the CMAC,” said Leo Melamed, CME Group Chairman Emeritus and CMAC Vice Chairman. “The addition of this accomplished economic thought leader will strengthen the Council’s commitment to fostering innovation and dialogue on issues that impact the global markets.”
“The CMAC provides our Board with groundbreaking insights and cutting-edge analysis from some of the world’s top economic thought leaders,” said CME Group Chairman and Chief Executive Officer Terry Duffy. “We are honored that Dr. Frenkel, an influential expert on global market issues, will be joining the Council.”