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In his new role, Kobida will manage settlement and banking operations and will oversee collateral program development, bank and custodian relationship management, counterparty risk evaluation and risk assessment. He will report to Timothy J. Doar, Managing Director, Risk Management.
Kobida joins CME with 20 years of experience in the financial services industry. He previously served as Executive Director-Global Business Manager for Information Technology at UBS Investment Bank, where he was responsible for all financial reporting and control of global information technology for the firm’s foreign exchange, interest rates and fixed income development teams. Kobida held several senior leadership roles since joining UBS in 1984, including four years as Director, Exchange Traded Derivatives.
Kobida earned a bachelor’s degree in economics from DePaul University and an MBA degree in finance from Loyola University.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in theUnited 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 $1.6 billion per day in settlement payments in the first half of 2004 and managed $39.1 billion in collateral deposits as of June 30, 2004. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), which is part of the Russell 1000® Index.
