CME Group Hires Pacy Ostroff as Director, Corporate Strategy

by Chicago Mercantile Exchange 23 Jan 17:05

CHICAGO, Jan. 23 /PRNewswire-FirstCall/ — CME Group, the world’s largest and
most diverse derivatives exchange, today announced that it has hired Pacy
Ostroff as Director, Corporate Strategy. In this newly created position,
Ostroff, 43, will be responsible for helping to define, develop and implement
the company’s corporate strategy as well as leading the development of
strategic initiatives across existing and new lines of business. He will
report to Jason Weller, Managing Director, Corporate Strategy.

Prior to joining CME Group, Ostroff most recently worked at Allstate
Insurance Company where he led various growth strategy and business
development initiatives. He also has served as Vice President, Financial
Services of Brunswick Corporation and Director, Business Development of
Sears, Roebuck and Company. His background also includes roles with ABN AMRO
North America and McKinsey Company, as well as service as a Lieutenant in the
United States Navy.

Ostroff earned his bachelor’s degree in electrical engineering from the
United States Naval Academy and his MBA from the Wharton School at the
University of Pennsylvania.

CME Group (www.cmegroup.com) is the world’s largest and most diverse
derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME
Group serves the risk management needs of customers around the globe. As an
international marketplace, CME Group brings buyers and sellers together on
the CME Globex electronic trading platform and on trading floors in Chicago
and New York. By acting as the buyer to every seller and the seller to every
buyer, CME Clearing virtually eliminates counterparty credit risk. CME
Clearing also offers $7 billion in financial safeguards to help mitigate
systemic risk, providing the security and confidence market participants need
to operate, invest and grow. CME Group offers the widest range of benchmark
products available across all major asset classes, including futures and
options based on interest rates, equity indexes, foreign exchange, energy,
agricultural commodities, metals, and alternative investment products such as
weather and real estate. CME Group is listed on NASDAQ under the symbol
“CME.”

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex and
E-mini, 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, New York Mercantile Exchange, and ClearPort 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
www.cmegroup.com.