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Oct 25, 2022

CME Group hires general counsel

Jonathan Marcus was formerly CFTC general counsel

Chicago-based CME Group has hired Jonathan Marcus as senior managing director and general counsel.

Marcus is now chief legal adviser for derivatives marketplace CME Group and oversee the company’s compliance, enterprise risk management, legal and market regulation functions. He reports to CME Group chair and CEO Terry Duffy.

Marcus most recently was a partner with law firm Reed Smith, where his practice focused on derivatives regulation, litigation and enforcement. Before that he was of counsel with Skadden Arps Slate Meagher & Flom. He was previously general counsel of the Commodity Futures Trading Commission (CFTC) from 2013 to 2017. In that role he advised the commission on issues such as implementing the Dodd-Frank Act and digital asset regulation. During his time with the agency, Marcus was the CFTC’s deputy general counsel for litigation.

According to his LinkedIn profile, he previously spent nine years with the US Department of Justice, including three years as assistant to the US solicitor general.

Duffy says in a statement: ‘Jonathan brings nearly 30 years of experience in regulatory enforcement, compliance and litigation across both government and private practice, and we are very pleased to add him to our management team. As we continue to transform our business and serve our clients around the world, Jonathan’s global legal expertise will be critical to our efforts to achieve our strategic objectives.’