CME Group Expands Legal & Regulatory Team With New Appointments
September 15 2009 - 3:20PM
PR Newswire (US)
CHICAGO, Sept. 15 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives marketplace, today announced
several new senior leadership appointments to its Legal &
Regulatory Team. Ann K. Shuman, Managing Director & Deputy
General Counsel, has been promoted to an expanded role that will
include legal support for regulatory policy initiatives and key
growth activities. Shuman will continue reporting to Kathleen
Cronin, Managing Director, General Counsel and Corporate Secretary.
Additionally, CME Group appointed Christopher K. Bowen as Managing
Director, Chief Regulatory Counsel, and named Timothy W. Smith as
Managing Director & Associate General Counsel. Both Bowen and
Smith will report to Shuman. "CME Group remains committed to
enhancing our financial markets by working with both domestic and
international regulators and our own expanded team of regulatory
policy experts," said Cronin. "With these new roles announced today
for Ann, Chris and Tim, we will continue to work closely with the
CFTC, Congress and our industry to ensure the integrity of our
markets so that market participants around the world can continue
to access the benchmark products and clearing services needed for
global risk management." In her expanded role, Shuman, 41, who has
been with CME Group since 2000, will be responsible for leading the
company's legal function with respect to regulatory policy.
Additionally, she will continue to oversee legal support for new
business transactions, including negotiating and constructing
strategic investments, partnerships and M&A activity. Shuman
has served as Managing Director and Deputy General Counsel of CME
Group since July 2007. She previously served as Managing Director,
Corporate Development, where she was responsible for developing and
negotiating key strategic partnerships. Shuman has been
instrumental in completing many complex commercial transactions and
joint ventures, including CME's historic commercial agreements with
CBOT for clearing and NYMEX for electronic trade matching, CME's
alliance with BM&FBOVESPA, and the company's license agreements
with The Nasdaq Stock Market, Inc. and Standard & Poor's.
Before joining the company, Shuman worked as an Associate in the
Derivatives and Investment Products Group of Sidley & Austin in
Chicago. She holds a bachelor's degree in English from Trinity
University in San Antonio, Texas and a J.D. from the University of
Chicago Law School. Bowen, 48, a 20-year veteran of the futures
industry, will be responsible for overseeing the company's domestic
and international regulatory activities, including the development
of new regulatory initiatives to support the recently announced CME
Clearing Europe. Bowen, who has been working with CME Group in a
transitional capacity following the acquisition of NYMEX, most
recently served as General Counsel and Chief Administrative Officer
of NYMEX. During his 15-year NYMEX tenure, he held a number of key
positions including Senior Vice President and General Counsel, and
Associate General Counsel. Bowen was instrumental in transitioning
NYMEX to a public company and in building the NYMEX regulatory
practice, as well as developing key strategic business partnerships
including the Dubai Mercantile Exchange. He also held legal and
regulatory roles with Morgan Stanley & Co. and the CFTC
Division of Trading and Markets. Bowen holds a bachelor's degree in
political science from Columbia University and a J.D. from the
University of Maryland School of Law. He is a member of the
Committee on Futures Regulation of the New York City Bar
Association. Smith, 39, will be responsible for structuring and
negotiating the company's transactions including joint ventures,
acquisitions and complex service agreements. Prior to joining the
company, Smith served as a Partner in the Corporate Department at
Winston & Strawn LLP in Chicago, where one of his primary areas
of focus was representing purchasers and sellers in complex
acquisition, divestiture, merger and corporate restructuring
transactions. He also worked as an Associate in the Corporate
Finance Department at Chapman & Cutler. He holds a bachelor's
degree in accounting from Purdue University and a J.D. from the
Columbia University School of Law. As the world's largest and most
diverse derivatives marketplace, CME Group
(http://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 commodities, metals, weather and real estate.
CME Group brings buyers and sellers together through its CME Globex
electronic trading platform and its trading facilities in New York
and Chicago. CME Group also operates CME Clearing, one of the
largest central counterparty clearing services in the world, which
provides clearing and settlement services for exchange-traded
contracts, as well as for over-the-counter derivatives transactions
through CME ClearPort . These products and services ensure that
businesses everywhere can substantially mitigate counterparty
credit risk in both listed and over-the-counter derivatives
markets. The Globe logo, CME, Chicago Mercantile Exchange, CME
Group, Globex, E-mini and CME ClearPort are trademarks of Chicago
Mercantile Exchange Inc. CBOT and Chicago Board of Trade are
trademarks of the Board of Trade of the City of Chicago. NYMEX and
New York Mercantile Exchange are 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 and its products can be found
at http://www.cmegroup.com/. CME-G DATASOURCE: CME Group CONTACT:
Media, Allan Schoenberg, +1-312-930-8189, , or Investors, John
Peschier, +1-312-930-8491, both of CME Group Web Site:
http://www.cme.com/
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