DME Congratulates CEO On New Responsibilities

Dubai, 9 March 2015 - Dubai Mercantile Exchange (DME) announced today that its chief executive Christopher Fix will be taking up new responsibilities from June onwards.

Mr. Fix will become Chairman of DME Asia Pte Ltd and will also take up a role as Managing Director, Head of Asia-Pacific, for DME’s core shareholder CME Group.  In addition, he will be appointed to the Board of Directors of Dubai Mercantile Exchange Limited.

Mr. Fix has been asked to relocate from DME’s headquarters in Dubai to Singapore in order to drive the further expansion of DME’s Asian operations as well as to assume a similar executive role with CME Group, the world’s largest futures exchange and DME’s shareholder.

Prior to joining DME in August 2012, Mr. Fix was resident in Singapore where he served as the Head of Marketing for Commodity Futures, Asia Pacific & Japan for BNP Paribas.  A Mandarin speaker, Mr. Fix has driven DME’s successful expansion in Asia. 

In early 2013 the exchange established a Singapore subsidiary, DME Asia Pte Ltd, in response to dramatic growth in trading volumes from the Asia-Pacific region.  DME signed a number of initial cooperation agreements with Asian exchanges last year and has undertaken several initiatives to improve access to DME for Asian customers.

Following Mr. Fix’s relocation to Singapore, DME’s chief of products and services, Owain Johnson, who is based in the exchange’s Dubai headquarters, will take responsibility for the DME’s regional activities.

“The success of DME in recent years and the increase in volumes has been largely driven by the Exchange’s strength in Asia and so I am excited to move closer to our key customer base and to further drive DME’s expansion in the world’s fastest growing energy market,” said Christopher Fix, Chief Executive Officer of DME. “I have a strong executive team in place in Dubai to manage the day-to-day operations of the Exchange as I look to focus on the next stage of our international expansion.”

Ahmad Sharaf, Chairman of DME said, “Chris has done an outstanding job during the three years leading the DME and we have every confidence that basing him in Asia will help to further enhance our services to our existing customers and grow our market base there.”