Western Illinois University: Macomb Campus
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College of Business & Technology
Charles P. Carey, Spring 2009
Charles P. Carey is Vice Chairman of CME Group. Previously, he was Chairman of the Chicago Board of Trade (CBOT). CBOT, the third largest U.S. exchange, merged with CME in July 2007, creating a new company, CME Group Inc., a CME/Chicago Board of Trade Company. Today, CME Group is the largest and most diverse exchange in the world, with a market capitalization of approximately $30 billion.
Carey was elected Chairman of CBOT in 2003 and remained in that role until assuming his current position in July 2007. Previously, he served on the CBOT board of directors for 11 years in various roles, including Vice Chairman, First Vice Chairman, and Full Member Director. An independent futures trader, Carey became a member of CBOT in 1978 and is a partner in the firm Henning and Carey.
In addition to a leading role in the 2007 merger, Carey spearheaded the transformation of CBOT, a member-run institution for more than 155 years, into a for-profit, NYSE-listed public company in 2005.
Carey has received a number of civic, industry, and community service awards. Most recently, he was presented with the Western Illinois University Distinguished Alumni Award for his business and professional accomplishments. Other awards include the Rerum Novarum Award from St. Joseph College Seminary, Ellis Island Medal of Honor from the National Ethnic Coalition of Organizations Foundation, Inc., and the Gold Medallion Award from the International Visitors Center of Chicago. In addition, Carey is President of the Chicagoland Sports Hall of Fame.
A lifelong resident of Chicago, Carey received a Bachelor of Business degree in Finance from Western Illinois University, where he serves as a member of the President’s Advisory Board.