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CME Group Hires Pacy Ostroff As Director, Corporate Strategy

Date 23/01/2009

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.