Charles P.Carey Portrait

Charles P. Carey


Mr. Carey serves as Chairman of the CME Group Foundation. He served as CME Group Vice Chairman in connection with the company's merger with CBOT Holdings from 2007 until 2010. Prior to the merger, Mr. Carey served as Chairman of CBOT since 2003, as Vice Chairman from 2000 to 2002, as First Vice Chairman during 1993 and 1994 and as a board member of CBOT from 1997 to 1999 and from 1990 to 1992. Mr. Carey is a principal in the firms of Henning & Carey Trading Co. and Henning-Carey Proprietary Trading LLC. He has been a member of CBOT since 1978 and was a member of the MidAmerica Commodity Exchange from 1976 to 1978. Mr. Carey previously served on the board of CBOT Holdings, Inc. until the merger in 2007.

John F. (Jack) Sandner Portrait

John F. (Jack) Sandner

Vice Chairman

Mr. Sandner serves as Vice Chairman of the Foundation and has served as a member of CME Group's board since 1978 and a member of CME for more than 30 years. He also served as our Special Policy Advisor from 1998 to 2005. Previously, he served as Chairman of our board for 13 years. Mr. Sandner served as Chairman of E*Trade Futures, LLC, from 2003 through February, 2013 and as President and CEO of RB&H Financial Services, L.P., a futures commission merchant and one of the company's clearing firms, from 1985 to 2003. Mr. Sandner serves as a consultant to RB&H Financial Services, L.P. Mr. Sandner currently serves on the board of Virtu Financial, Inc., on the board of the National Futures Association and serves as one of CME Group's board representatives on the Dubai Mercantile Exchange.

Lauren Whalen Portrait

Lauren Whalen

Foundation Administrator

Lauren Whalen joined the Foundation in 2016 to provide administrative and grants management support. She has previously worked in development and communications for the University of Chicago, Pediatric AIDS Chicago Prevention Initiative (PACPI) and Facets Multi-Media. Lauren holds degrees from Loyola University Chicago and Northern Illinois University College of Law.

Terrence A. Duffy Portrait

Terrence A. Duffy

Vice Chairman

Vice Chairman Terrence A. Duffy serves as Vice Chairman of the CME Group Foundation He also serves as CME Group Chairman and CEO. Previously, he served as Executive Chairman and President since 2012 and as Executive Chairman since 2006, when he became an officer of the Company. He served as Chairman of the board since 2002 and Vice Chairman from 1998 until 2002. Mr. Duffy has been a member of CME's Board since 1995. He was President of TDA Trading, Inc. from 1981 to 2002 and has been a member of CME since 1981. Duffy was appointed by President Bush and confirmed by the U.S. Senate in 2003 as a member of the Federal Retirement Thrift Investment Board (FRTIB), a position he held until 2013. The FRTIB administers the Thrift Savings Plan, a tax-deferred defined contribution (retirement savings) plan for federal employees. Mr. Duffy currently serves as Co-Chair of the Mayo Clinic Greater Chicago Leadership Council. He also is a member of the Economic Club of Chicago, the Executives' Club of Chicago and the President's Circle of the Chicago Council on Global Affairs. Since 2003, Mr. Duffy has been recognized as one of the top 100 Irish Business Leaders by Irish America Magazine. Mr. Duffy attended the University of Wisconsin-Whitewater. In 2007, he received a Doctor of Humane Letters from DePaul University.

Howard J. Seigel Portrait

Howard J. Siegel


Mr. Siegel serves as Secretary-Treasurer of the Foundation and has been a member of CME since 1977. In 1978, Mr. Siegel began his trading career at Moccatta Metals in their Class B arbitrage operations and served as an order filler until 1980. From there, he went on to fill orders and trade cattle from 1980 until 1982. At that time, Mr. Siegel became a partner and an officer in a futures commission merchant that cleared at CME until selling his ownership interest in 1990. For more than 30 years, Mr. Siegel has been an independent trader on the CME exchange. He continues to actively trade today in the agricultural product suite electronically.

Leo Melamed Portrait

Leo Melamed

Vice Chairman

Mr. Melamed is the founder of financial futures and serves as Vice Chairman of the Foundation. He led in the creation of the company's FX, interest rate, and stock index futures contracts. He served as CME Chairman of the board from 1968 until 1973 and upon founding of the International Monetary Market (IMM) as its Chairman from 1972 until its merger with the CME in 1976 and then as Chairman of the merged exchange until 1977. He has served as CME Chairman Emeritus since 1997 and Chairman of the Strategic Steering Committee since 2001. Mr. Melamed led the CME in the role of Special Counsel to our board from 1977 to 1985 and then in the role of Chairman of its Executive Committee from 1985 until 1991. He was instrumental in the creation and launch of the Globex transaction system and served as its founding chairman in 1992. From 1993 to 2001, he served as Chairman and CEO of Sakura Dellsher, Inc., a former clearing firm of CME, and currently serves as Chairman and CEO of Melamed & Associates, a global consulting group. He is founder and a permanent special advisor to the National Futures Association, and an Advisor of the International Advisory Council of the CSRC in China. He serves on the board of overseers of the Becker Friedman Institute of the University of Chicago. Mr. Melamed serves as a director of The Chicago Council on Global Affairs and as Sr. Advisor to LEAP Innovations. Mr. Melamed is a published author of several books pertaining to markets and the history of CME Group.

Kassie Davis Portrait

Kassie Davis

Executive Director

Kassie Davis joined CME Trust in October 2006 as its first Executive Director and became Executive Director of CME Group Foundation with its creation in 2008. She is responsible for overall operation of the Foundation and Trust, including strategy development, proposal review, grant evaluation, communications and investment management.

Davis was with The Chicago Community Trust from 2004 to 2006, where she was senior program officer for arts and culture. From 2000 to 2003, she served as project director of Giving Greater Chicago, a three-year initiative of the Donors Forum of Chicago promoting the creation of permanent philanthropic capital. Earlier, Davis was executive director of the Illinois Arts Council, the state agency responsible for funding the arts. Davis, who holds a B.A. degree from Stephens College and a M.B.A. degree from Loyola University Chicago, entered the world of Chicago philanthropy in 1990 when she started the corporate contributions program at Marshall Field’s.