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Karsten “Cash” Mahlmann thumbnail

Karsten "Cash" Mahlmann

June 22, 1937 - February 8, 2016

Karsten “Cash” Mahlmann, chairman of the Chicago Board of Trade from 1987-1990, passed away on February 8, 2016 at the age of 78.
Mahlmann lived a life that epitomized the American dream. In 1957 the 20-year-old son of a Hamburg grain merchant boarded a U.S.-bound freighter, determined to find his fortune in the …read more

Karsten “Cash” Mahlmann, chairman of the Chicago Board of Trade from 1987-1990, passed away on February 8, 2016 at the age of 78.
Mahlmann lived a life that epitomized the American dream. In 1957 the 20-year-old son of a Hamburg grain merchant boarded a U.S.-bound freighter, determined to find his fortune in the United States. Upon his arrival in Chicago, Mahlmann took up residence at the Lawson YMCA. Mahlmann began working as a runner at the Chicago Board of Trade for the brokerage firm of Daniel Rice & Company. He eventually earned a place as a clerk in the cash grain department of Shearson Hayden and earned the nickname “Cash” by buying and selling the actual corn and wheat rather than futures contracts.

Mahlmann bought his first seat on the Board of Trade and joined the family-run Stotler Group in 1963, building the business with his meticulous attention to detail and easy, confident demeanor. Elected Chairman of the Chicago Board of Trade in 1987, Mahlmann was a staunch advocate for free trade in his industry. He made countless trips annually to Washington DC where he helped convince Congress to reauthorize the Commodity Futures Trading Commission, an independent federal agency responsible for regulating commodity futures and options markets in the United States.

In the early 1990s Mahlmann moved to London, where he distinguished himself by merging the Rosenthal Collins Group London office into a trading firm later acquired by ING. He expanded the combined firm named ING Derivatives Ltd., building a franchise among London options traders. Mahlmann returned to Chicago in the mid-1990s and worked as a managing director for MF Global until his retirement in 2008.

Mahlmann is survived by his wife Dorie and his children Conor (Isabella), Peter, Kathleen and Christopher.

Visitation Thursday, February 11th from 3-9PM at Smith-Corcoran Funeral Home, 185 E. Northwest Hwy., Palatine.

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Visitation Information

Date: Thursday, February 11, 2016

Time: 3:00 pm - 9:00 pm

Smith-Corcoran Palatine Funeral Home

185 E. Northwest Hwy
Palatine, IL 60067

Visitation Thursday, February 11th from 3-9PM at Smith-Corcoran Funeral Home, 185 E. Northwest Hwy., Palatine.


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