CME Group appoints head of OTC business

Laurent Paulhac has joined the Chicago Mercantile Exchange Group (CME) as a managing director of over-the-counter products and services.

In this new role, he will have responsibility for the development, execution and management of the exchange's global OTC business strategy on CME ClearPort - a clearing service for OTC products. He will be based in New York and report to Rick Redding, managing director of products and services.

CME ClearPort currently offers clearing for energy, metals and

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