CME Clearing Europe: Scale will count, says Betsill

The new head of CME’s European clearing business expects competition to be intense as the region heads towards the start of mandatory clearing, but he believes his firm has a winning hand. By Tom Osborn

Lee Betsill

“It’s a fascinating time to be in the derivatives industry,” says Lee Betsill, chief executive of CME Clearing Europe. “The amount of change the industry is going through is incredible, and it’s great to be a part of it.”

Nine months into the job, the Illinois native is tasked with steering his firm’s fast-growing European business through the biggest shake-up the over-the-counter market has seen. Betsill can draw on CME Group’s experience in the US, where it captured a share of client volumes

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