(EnergyAsia, July 20 2011, Wednesday) — CME Group, the world’s leading and most diverse derivatives marketplace, said it has named Julien Le Noble as head of its Asia Pacific office in Singapore from August 1.
Mr Le Noble, 39, will lead CME Group’s efforts to develop benchmark products and services to meet the needs of its current and prospective clients in the region. He will report to Bryan Durkin, CME Group’s chief operating officer and Managing Director (Products & Services).
Mr Le Noble, who holds a masters degree in economics at Universite de Nice and a post-graduate business degree from the Ecole Superieure de Commerce de Toulouse, previously served as CEO and representative director for Newedge in Japan and also its Head of Equities for the Asia Pacific. Following the 2008 merger of Fimat and Calyon, which formed Newedge, he led the firm’s merger integration effort in Japan.
Before that, he served in executive roles for Fimat, first as managing director of the Singapore office from 2002 to 2006, and then as managing director for Japan as well as Head of Commodities (Asia Pacific) from 2006 to 2008. He started his career with Fimat Group in Chicago in 1995 and later moved to London with Boursorama, a Societe Generale-owned European retail online bank broker.
CME Group, which owns NYMEX and its energy products, has a broad presence in Asia, with headquarters in Singapore, offices in Hong Kong, Seoul, Shanghai and Tokyo, and telecommunications hubs in Kuala Lumpur, Seoul and Singapore.
Mr Durkin said: “CME Group has a long-standing commitment to our customers in the Asia Pacific region, and we continue to develop innovative, benchmark products, clearing solutions and distribution options for customers to access CME Globex. CME Group volumes during Asia Pacific business hours increased more than 25% in Q1 2011, representing a growing demand for globally relevant derivatives products and services in this region.”