CME Group announced that it has appointed Tim McCourt to serve in an expanded role as Senior Managing Director, Global Head of Financial & OTC Products, following the retirement of Sean Tully, Senior Managing Director, Interest Rates and OTC Products, on June 2, 2023. Prior to the new role, McCourt served as Global Head of Equity & FX Products since February 2022, when he was promoted to the Management Team. Going forward, he will oversee the company's interest rates, equity index, foreign exchange and cryptocurrency futures and options markets, as well as the company's BrokerTec cash treasuries platform and EBS spot FX platform.

McCourt joined CME Group in 2013 as Executive Director, Equity Index Products.