When the Chicago Mercantile Exchange
bought the Chicago Board of Trade for $11.5 billion in 2007, the exchange's managing director of corporate development
Kendal Vroman was instrumental in integrating the former crosstown rivals. Now, as the merged CME Group announces a flurry of transactions, Vroman is taking on the role of chief corporate development officer. Vroman, who will report to CME Group president Phupinder Gill, takes over for John P. Davidson III, who resigned to pursue other opportunities.
CME has been in rapid-fire dealmaking mode this year. In March alone, CME announced transactions to sell its metal's complex to
NYSE Euronext and acquire
Credit Market Analysis Ltd., a provider of credit derivatives market data, and
Nymex Holdings, the parent company of New York Mercantile Exchange Inc. CME's dealmaking is emblematic of the wave of M&A in the hyper-competitive exchange sector, as exchanges worldwide battle to lure customers with diversified and innovative products.
- Suzanne Stevens
Join Corporate Dealmaker's LinkedIn forum
Juergen Lasowski
And the winners are...
