Terry Duffy, CME Group Chief Executive Officer and Chairman Terry Duffy stated:
Terry Duffy
Sean’s leadership over the past decade has been a great help to our financial products businesses. This included the migration to SOFR derivatives, which are now the most popular tool for hedging short term interest rates. Tim McCourt has a wealth of experience in financial products and is able to lead these vital business lines, which allow clients to manage their risk in key asset class.
McCourt joined CME Group in 2013 as Executive Director, Equity Index Products and has served as Global Head of Equity & FX Products since February 2022. In his new role, he will oversee the company’s interest rates, equity index, foreign exchange and cryptocurrency futures and options markets. Additionally, he will be responsible for the company’s BrokerTec cash treasuries platform and EBS spot FX platform.
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