Andriesen, 49, will be responsible for developing and executing the global business and sales strategy for the company's agricultural commodities product line. He will report to Barry Goldblatt, CME Group Managing Director, Commodities, Equities and Energy Products and will be based in Chicago.

"Tim's extensive experience in both over-the-counter (OTC) and listed agricultural commodities markets will be a tremendous asset to us as we continue to offer our customers around the world with leading products and risk management services," said Goldblatt. "As we continue to provide more OTC and listed futures products, Tim will take the lead in working with customers on how to best provide solutions for managing risk and price discovery."

CME Group offers the widest range of commodity derivatives available at any exchange, with futures and options on grains, livestock, oilseeds, dairy, lumber, and other benchmark products. These products are available through the company's trading floors, its CME Globex® electronic trading platform and CME ClearPort®, a set of flexible clearing services open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes.

Prior to joining CME Group, Andriesen most recently served as Managing Director, Agribusiness for National Australia Bank/nabCapital in New York. He also worked as Managing Director, Commodities/Commodities Sales in the firm's Sydney office and as Senior Vice President of Commodities based in New York. His background also includes senior risk management and agricultural trading roles with Zurich Capital Markets, Louis Dreyfus Corporation, Rabobank International and Koch Industries.

Andriesen earned his bachelor's degree in marketing with a specialization in international business from Southern Illinois University.