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Foreign Exchange

FX people moves: CME names new head of FX products

CME has appointed Roger Rutherford as managing director, global head of FX products. Based in London, he will report to Derek Sammann, MD FX and interest swaps, and will be responsible for leading the company’s global FX business line.

Rutherford has 24 years’ experience in the global FX marketplace, most recently at CLS as head of product management.

Sammann says: “As we continue to develop and diversify our business, it is key that our head of foreign exchange be located in London, the epicentre of the global FX market.

“FX continues to be our fastest growing business line during non-US hours, and Roger’s deep knowledge of the FX market will be a tremendous asset as we continue to execute our global growth strategy. We look forward to leveraging his expertise and relationships to enhance our listed products business as well as continuing to develop new OTC FX products and services to meet our clients’ global trading and risk management needs.

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