CME confirms Houston as new global head of FX

The former Deutsche Bank head of FXPB and OTC clearing for Emea will report to Sean Tully in his new role

Chicago Mercantile Exchange building London
CME: Houston will lead the development, execution and management of the exchange's global FX business

CME Group has confirmed the appointment of Paul Houston as executive director and global head of foreign exchange.

Deutsche Bank's former head of FX prime brokerage (PB) and over-the-counter clearing for Europe, the Middle East and Africa will now report to Sean Tully, senior managing director of financial and OTC products.

Based in London, Houston will be responsible for leading the development, execution and management of the exchange's global FX business.

"We are pleased to welcome Paul to

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