He will have chief responsibility for directing the continued development and execution of CME Group's international business and sales strategy across Europe, the Middle East and Africa (EMEA), Asia, and Latin America. He will continue to report to Rick Redding, Managing Director, Products & Services.

"Bob's move to London is a key example of CME Group's strong commitment to its customers outside the United States," said Redding. "Bob has more than 25 years' experience in global derivatives markets, and much of his career at CBOT and CME Group has been devoted to providing our customers throughout the world with greater access to our risk management products. From his new position in London, Bob will help CME Group to provide a higher level of service to our diverse range of customers in the European and Asian time zones, thereby playing a significant role in growing our business around the world."

Ray previously managed CME Group's international operations since mid-2008, and he also led the company's commodities and equities product lines as Managing Director, Commodities, Equities & International. Prior to his CME Group role, Ray served as Senior Vice President, Business Development for the Chicago Board of Trade. He also worked in senior trading and derivatives business development roles with Robertson Stephens Inc., Dean Witter Reynolds Inc., Carr Futures and Continental Grain Company. Ray earned his bachelor's degree from Loras College in Dubuque, Iowa.