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"I believe that CME has the best management team in the global derivatives industry," said Terry Duffy, CME's Chairman of the Board. "Scott Robinson is a strong addition and will further strengthen our team by working closely with Craig Donohue and the rest of our management to effectuate CME's growth strategy."
"The CME team has known Scott for over six years and, during that time, I have been extremely impressed with his breadth of experience in financial services and strategic planning," said Craig Donohue, CME Chief Executive Officer. "Scott's capabilities will help CME leverage the flexibility, efficiency and scale advantages of our vertically integrated business model as we continue to focus on creating efficiencies for our customers and free cash flow for our shareholders."
Robinson joins CME with 19 years of experience in the financial services and energy industries. He currently serves as a Partner for McKinsey & Company. Since joining the Firm in 1997, Robinson has specialized in trading and trading technology for wholesale financial institutions, the electric power/natural gas industry and for exchanges that support those markets. He has also led due diligence efforts in the trading and exchange sector for private equity organizations. Robinson has authored articles on a variety of topics including best practices in achieving IT performance, capital efficiency creation through multilateral netting arrangements and game theory methods for developing exchange strategies.
Before joining McKinsey, Robinson worked as a Senior Engagement Manager in the capital markets and energy practices of Ernst & Young Management Consulting. He was also a co-founder and partner with Cascade Consulting, a firm that specialized in leading-edge technologies for the banking, capital markets and energy trading industries. Other roles held by Robinson include senior sales positions with NeXT Computer, Dow Jones/Telerate and Reuters. He began his career as an independent foreign currency futures trader after earning a bachelor's degree in economics from San Diego State University.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX® electronic trading platform. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved about $1.4 billion per day in settlement payments in 2003 and managed $39.5 billion in collateral deposits at Jan. 31, 2004. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), which is part of the Russell 1000® Index.
