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FX people moves: CME management shift

CME Group announced a shift in management this week. Their chief operating officer, Bryan Durkin, takes over the products and services division in addition to his current responsibilities. In his new role as chief operating officer and managing director, products and services he will, “lead both the operations and sales functions for CME Group to focus on increasing product line growth and meeting customer needs worldwide,” according to a CME spokesman.

This looks like something of a snub for former managing director of product and services, Rick Redding, who now assumes the role of managing director of product and services initiatives and will now report to Durkin. CME says: “Together with Scot Warren, managing director, equity products and index services, Redding will assist with the joint venture formation and strategic planning process.”