— Industry leader to serve as Managing Director of Derivatives Licenses
— Role aims to accelerate growth in index options and futures space
— Based in Chicago to work closely with key clients
New York – FTSE Russell, the global index and data provider, announces that Sean Smith has joined the firm as Managing Director of Derivatives Licenses, to lead the company’s efforts to further expand its options and futures business.
Dozens of FTSE Russell indexes are used as the underlying benchmarks for options, futures and OTC cleared derivative products. Indexes include FTSE GEIS (Global Equities Index Series), which covers 98% of the world’s investable market capitalization, FTSE China 50 and the Russell 2000 and 1000, which measure the performance of the small- and large-cap segments of the US equity market respectively.
Smith will be based at the Chicago office of FTSE Russell and joins from CME Group, where he served in multiple roles spanning the last 17 years. Most recently, he managed the Strategic Account Management Group servicing CME's top clients. Earlier, he held senior roles in the clearing, client development and sales divisions, ranging from clearing solutions to heading the global sales team covering bank clients. From 2001-2005, he managed FCM relations globally in the products and service division.
Ron Bundy, CEO North America Benchmarks at FTSE Russell, said:
“We are thrilled to have an industry expert like Sean Smith join our team, especially considering his extensive relationship with one of our top clients in the index options and futures space. The Chicago location is strategic given the proximity to many of our key clients.”
Smith earned a B.S. in Industrial Relations from St. Joseph's University and began his financial services career as a runner on the Philadelphia Stock Exchange. Later, he became a derivatives trader in New York for several firms and then ran execution and clearing sales desks at two Chicago commodity brokerages.
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Mark Benhard +1 212 314 1199
Notes to editors:
About FTSE Russell:
FTSE Russell is a leading global provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies. Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets, combined with the specialist knowledge gained from developing local benchmarks around the world.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. More than $15 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on index innovation and customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by the London Stock Exchange Group.
For more information, visit www.ftserussell.com.
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