CME Group announced the appointment of Mike Dennis as Global Head, Fixed Income. In this position, Dennis will oversee the company’s global benchmark futures and options contracts on SOFR and U.S. Treasuries, including the 30-year bond, 10-, 5- and 2-year notes. He will also lead BrokerTec and U.S. Repo trading. Dennis will report to CME Group Chairman and CEO Terry Duffy and serve on the company’s Management Team. He will resign from the CME Group Board of Directors effective immediately and begin this position with the company on August 5. Tim McCourt will lead all the company’s other financial business lines including equity indexes, foreign exchange and cryptocurrency futures and options, as well as its EBS spot FX platform, as Global Head, Equities, FX, and Alternative Products. He will continue to serve on the company’s Management Team reporting to Duffy.
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