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CME Group, the world's largest and most diverse derivatives exchange, today announced that it has named Barry C. Goldblatt to its Management Team as Managing Director, Commodities, Energy and Metals, based in New York. In this newly created position, Goldblatt, 49, will be responsible for developing and leading the execution of the company's global business strategy for listed and over-the-counter (OTC) agricultural commodities, energy and metals markets. He will report to Rick Redding, CME Group Managing Director, Products & Services.
"Customers around the world continue to come to CME Group to manage their risk in commodities, energy and metals markets," said CME Group Chief Executive Officer Craig Donohue. "This portfolio of products and services is among our fastest growing business lines with an annual growth rate of 18 percent. Barry's broad knowledge and demonstrated track record of success make him the ideal candidate to further develop our aggressive international growth strategy for these product lines."
"As our global client base demands even more centrally cleared risk management tools, we are committed to providing benchmark products combined with the benefits of CME Clearing," said Redding. "CME Group is continually expanding our expertise in order to best serve our customers, and we are pleased to have such an experienced industry leader join us to further develop our livestock, grains, oilseeds, energy - such as oil, gas and power - and metals markets."
CME Group offers the widest range of global benchmarks in physically delivered commodities. These products are available through the company's trading floors, its CME Globex® electronic trading platform and CME ClearPort®, an open clearing service for more than 600 OTC products.
Prior to joining CME Group, Goldblatt most recently served as Managing Director, Commodities, Derivative Sales and Global Structured Notes for Merrill Lynch where he helped develop the third largest Commodity Index fund business in the United States. He has more than 25 years of experience in derivatives sales and trading, as well as creating structured products in agricultural, metals and energy commodities around the world. Goldblatt previously served as Head of Derivative Sales and Structured Risk for Koch Energy Trading and has also held a variety of senior positions trading for Lehman Brothers, Ken Orr Investments, UBS, Philipp Brothers (Salomon Brothers), J. Aron & Company (Goldman Sachs) and Dillon Read (UBS). Goldblatt earned a bachelor's degree in history from Binghamton University and an MBA degree from the University of North Carolina at Chapel Hill.
