Third-generation Irish American Terrence Duffy is chairman of the board of the Chicago Mercantile Exchange Inc. (CME) and is credited with leading CME to become the first publicly traded exchange in the U.S. A member of the CME since 1981, he previously held the post of vice chairman of the board of CME Holdings, Inc.
In 2002, Duffy was appointed by President Bush to serve on a National Saver Summit on Retirement Savings. Bush called on Duffy again in 2003, when he appointed him as a member of the Federal Retirement Thrift Investment Board (FRTIB), which administers the Thrift Savings Plan, a tax-deferred defined contribution (retirement savings) plan for federal employees.
A Chicago native with roots in County Mayo, Duffy studied business administration at the University of Wisconsin-Whitewater. He serves on the board of directors for World Business Chicago, Mercy Home for Boys and Girls, and the Advisory Council for the Graham School of Management at Saint Xavier University. He is an active member of the Economic Club of Chicago, the Executives’ Club of Chicago, and the Chicago Committee of the Chicago Council on Foreign Relations. He and his wife have two children.
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