"Scott brings substantial experience in managing information technology operations for a major investment bank, and his thorough knowledge of financial markets and trading systems make him the ideal choice to lead the CME's technology team during and after our transition to a for-profit company," McNulty said.
"Scott will be a valued addition to the world-class management team that Jim has assembled," CME Chairman Scott Gordon said. "Technology will give us the power to grow our business in ways undreamed of only a short time ago, and its critical role can only increase as we move forward."
The Managing Director and CIO oversees the exchange's technology development and computer systems, including electronic trading systems, enterprise computing, regulatory and clearing systems, systems architecture, trading floor systems development and customer support.
Johnston joins the CME from UBS Warburg, where he held the position of Managing Director, Information Technology Division, and Global Head of Treasury Products Technology. At UBS Warburg, he spearheaded advanced technology initiatives and the development of the investment bank's e-commerce strategies.
Previously, he directed technology and operations for SBC Warburg's interest rate and foreign exchange operations. He has held senior technology positions with Swiss Bank Corporation, SBC/OC Services, LP, and O'Connor and Associates. O'Connor was widely recognized as a pioneer in applying sophisticated risk management technology and quantitative techniques to securities, futures and options markets.
Johnston earned a bachelor of general studies degree from the University of Michigan. Johnston's position at the CME is one of nine positions announced March 22 in a reorganization of the exchange's senior management structure. The nine managing directors, reporting directly to McNulty, are responsible for overseeing each major facet of the CME's business. McNulty assumed the position of President and CEO on Feb. 7.
