CHICAGO, July 6, 2016 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced the appointment of Young-Jin
Chang to Global Head of Metals Products.
Reporting to Derek Sammann,
Senior Managing Director, Global Head of Commodities & Options
Products, Chang will be responsible for the strategic development,
management and profitability of the global product suite, including
both precious and industrial metals. She will continue to be based
in Chicago.
"Young-Jin's extensive market and customer knowledge will
continue to be a tremendous asset as she continues to work with CME
Group's talented Metals team around the world to serve our global
customer base," said Sammann. "Her broad industry experience and
track record of successful business building within CME Group will
help us further position our Metals business for long-term
growth."
Previously, Chang served as Executive Director, Industrial
Metals Products for CME Group. In that role, she was responsible
for managing the industrial metals business globally, which
includes aluminum, copper, zinc, lead, steel and iron ore. She has
also served in various roles of increasing responsibility within
the company's Metals business line.
Prior to joining CME Group in 2011, Chang was a ferrous alloy
trader at the David J. Joseph Company, where she focused on
expanding international trading business. She holds a bachelor's
degree in economics from Kalamazoo
College and an international MBA from the University of Chicago Booth School of Business.
Additionally, Miguel Vias has
been appointed Senior Director, Head of Precious Metals, where he
will be responsible for driving new business and revenue
opportunities in the global Precious Metals market for both futures
and options. Vias will continue to be based in New York.
CME Group offers the most liquid, transparent marketplace for
trading a wide range of global benchmark products across precious
(gold, silver, platinum, palladium), base (copper, aluminum) and
ferrous (steel, iron ore) metals, helping businesses everywhere to
mitigate the myriad metals risks that they face. For example,
in June 2016, CME Group's four
regional aluminum premium contracts reached nine historical records
for volume and open interest, and open interest accumulated to more
than 1 million metric tons. Across the metals complex as a whole,
an average of 482,599 metals contracts traded each day in
June 2016, a 45 percent increase from
the previous year.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, energy, agricultural products and metals.
Around the world, CME Group brings buyers and sellers
together through its CME Globex® electronic trading platform and
its exchanges based in Chicago,
New York and London. CME Group also operates one of
the world's leading central counterparty clearing providers through
CME Clearing and CME Clearing Europe, which offer clearing and
settlement services across asset classes for exchange-traded and
over-the-counter derivatives. CME Group's products and
services ensure that businesses around the world can effectively
manage risk and achieve growth.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. All other trademarks are the property of their
respective owners. Further information about CME Group
(NASDAQ: CME) and its products can be found at
www.cmegroup.com.
CME-G
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SOURCE CME Group