In his new role, Everaert will be responsible for overseeing OTC pre- and post-trade products.

He will be based in London and will report to Laurent Paulhac, managing director of OTC Products & Services.

Before joining CME Group, Everaert served as chief information officer of IMEX Group, an investment vehicle owned by a subsidiary of the sovereign wealth fund of the State of Qatar.

He also has served as CIO of E-commerce at GFI Group, an inter-dealer broker, and held senior roles at Logica, Reuters and Dow Jones Telerate.

Paulhac said Michel brings more than 18 years of experience developing a broad set of products in the OTC cash and derivatives markets.

"He will lead our effort to further expand our CME ClearPort product line and related services around our multi-asset class OTC open clearing solutions," Paulhac added.

CME Group provides a broad range of OTC clearing services. Its CME ClearPort service facilitates clearing of an average of 500,000 over-the-counter transactions each day in over 1,000 products, predominantly in energy and agricultural products.

The company also provides open clearing services for interest rate swaps and credit default swaps.