Chicago Climate Exchange (CCX), the world's first and North America's only voluntary, legally binding integrated greenhouse gas emissions reduction, registry and trading system, announced the appointment of Satish S. Nandapurkar as President.
In this role, Mr. Nandapurkar will be responsible for directing and implementing the business planning process of CCX and Chicago Climate Futures Exchange®. He will report to the Chairman and CEO, Dr. Richard Sandor.
Mr. Nandapurkar most recently served as Chief Executive Officer of U.S. Futures Exchange (formerly known as Eurex US) since its launch in February of 2004. Mr. Nandapurkar joined USFE from the Chicago Mercantile Exchange where he was the Managing Director of Products and Services and a member of the management team. Prior to joining CME, Mr. Nandapurkar held senior management roles in derivative products trading and sales at a number of prominent international banks. He began his financial services career in 1988 at O'Connor & Associates, then one of the world's leading futures and options trading organizations. Before joining O'Connor, Mr. Nandapurkar served on active duty as a Captain in the United States Air Force.
"We are very excited that Satish Nandapurkar has joined CCX and we look forward to his insight and leadership," said Dr. Sandor. "His unique set of skills in the exchange world and financial markets provides us with the opportunity to continue to expand the activities of CCX and CCFE."
"I am delighted to be joining this dynamic organization as it solidifies its international presence as the leading exchange for environmental derivatives," said Mr. Nandapurkar. "CCX and CCFE have established themselves at the center of this growing market and I look forward to making a positive contribution to their continued expansion."
Mr. Nandapurkar holds a Bachelor of Science degree from the Massachusetts Institute of Technology (MIT) and a Master of Arts degree from Boston University.