CME Group’s MD to Join Compagnie Financière Tradition to Lead Digitalization

Compagnie Financière Tradition (CFT), a Swiss interdealer broker and operator of a Japanese retail forex trading platform, has strengthened its senior management with the appointment of Michel Everaert as its Global Head of E-Commerce and Digitalization.

A Push towards the Company’s Growth

According to the announcement today (Friday), Everaert’s responsibilities in the new role will be to lead its “electronic initiatives and accelerate the transformation in its high-touch with high-tech customer-driven strategy.”

“Tradition is a leading global transactional platform with an ambition for expansion and innovation,” Everaert said in a statement. “I am excited about the potential this offers, and look forward to building relationships and working with teams across the global business.”

An Industry Veteran with 3 Decades of Experience

The Switzerland-listed company is expecting to benefit from Everaert’s previous experience working with exchanges and other financial services giants.

Everaert will join Compagnie from CME Group, where he spent the last 13 years of his career, and is separating as the Managing Director of the EMEA region. He joined the London offices of the commodities exchange operator as MD of OTC Solutions and later became the MD of Client Development and Sales Commercial Hedgers and MD of Client Development and Sales for EMEA.

His other notable past experiences include being the CIO of GFI Group and IMEX Group.

As seen on his LinkedIn profile, Everaert commenced his career in financial services in 1992 at Dow Jones Telerate, spending over six years at the company. He then had a short four-month stint at Reuters and then moved to CGI (then Logica) as the Sales Manager of Investment Banking Services.

“I am delighted that Michel is joining us at Tradition to accelerate further our business enhancement in line with our ambitious growth plans,” said Patrick Combes, the Chairman of CFT. “We will be drawing on his considerable experience, as well as the wealth of knowledge he has accumulated throughout his 30-year career.”

Meanwhile, the pre-tax profits of the Swiss group jumped 16.1 percent in 2023 to CHF 127.2 million on an annual IFRS revenue of CHF 982.4 million. It closed the year netting CHF 94.4 million.