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Foreign Exchange

People moves: CME sends heavy hitter to London

The Chicago Mercantile Exchange has appointed Bob Ray as its managing director, international products and services. Ray, who will relocate to London, will have chief responsibility for the development and execution of CME’s international business and sales strategy across Europe, the Middle East and Africa, Asia and Latin America. He will continue to report to Rick Redding, the CME’s managing director, products and services.

Ray has extensive experience of the industry. He served as the Chicago Board of Trade’s senior vice-president, business development until the exchange was taken over by the CME. He has managed the CME’s international operations since mid-2008, as well as leading its commodities and equities product lines.

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