Peter Wind Remembrances

John Lothian

John Lothian

Executive Chairman and CEO

From Bernie Dan:

My good friend and colleague for 35 years, Peter C. Wind, suddenly passed away on Saturday October 24, 2020.  My thoughts and prayers are with Peter’s family, especially his beautiful wife Stephanie, during this difficult time. 

Peter was a good man and cared deeply about his family and friends.  He was a mentor to many and was always trying to help those in need. He made us all laugh – his infectious humor was priceless.  His keen intellect, thirst for knowledge and broad interests enabled Peter to live an interesting and fulfilling life. 

I have many fond memories of Peter and will miss him dearly. His counsel and guidance helped me greatly in my personal and professional life.  He was a great friend, no even better, he was a brother to me.  Rest In Peace.  

From Jan Waye:

I worked with Peter for over 25 years: first as a client for 10 years then as a colleague at Cargill Investor Services for 15 years.  There was no one better at developing complex global futures clearing relationships.  Peter always had a calm demeanor and understood the importance of strong personal relationships–developed on and off the golf course. He will be missed by many.

From Chris Malo:

On Saturday, October 24th, Peter Christian Wind passed away at the age of 70. I learned of Peter’s passing on Saturday as my phone and email were exploding from Cargill colleagues and industry leaders who were shocked to learn of the loss of a friend, colleague, industry leader and caring family man.  

I, along with many others in our industry, had the privilege to work with and learn from Peter. Peter had a long career with the Cargill group, working first with the parent company as a grain merchant and then joined Cargill Investor Services (CIS) in 1973 to lead the firm into the new world of financial futures. His foresight on the impact of financial futures first at the CBOT and then at CME positioned CIS to become a global leader in the futures industry. He led the firm into joining the London International Financial Futures Exchange (LIFFE) in 1982 and worked tirelessly to develop a global team approach to serving our global customer. For those who knew Peter well, he used to frequently quote the great Wayne Gretzky who answered a reporter’s question on how did he score so many goals: “I skate to where the puck is going to be, not to where it has been.” It was this attitude that made Peter and CIS successful. 

From Tony McCormick:

I played many games of golf with Pete Wind, who was never a great golfer but was always a money player! One time at Onwentsia we played with our good friend Barry Lind who never met a golf bet he wouldn’t take, so Pete was nervous and told me that he only had 30 bucks with him. I told him not to worry and accept any and all bets that Barry offered since I knew that Barry like Michael Jordan carried a vanity handicap that he couldn’t play to. Sure enough at the end of our round Pete collected $300 from Barry!  Pete was a man for all seasons and a great pal to me. RIP Windy.

From Carl Gilmore:

I am sad to announce that futures industry veteran Peter Wind passed away on Saturday, October 24th. Peter was 70 years old and leaves behind his wife Stephanie, children Christian, Evan and Seth, as well as grandchildren. Peter held executive positions at a number of futures commission merchants and was the chairman of the John J. Lothian & Company, Inc. advisory board after working with Cargill for 30 years. 

I came to know Peter when Penson Worldwide, Inc. purchased Goldenberg, Hehmeyer & Co. where I was the general counsel at the time. I will always remember Peter’s ability to say a kind word and calm things down after the general counsel (yours truly) had riled someone up. He was so good at that. Peter loved this industry, loved his family and friends, and loved to play golf. We love you and we miss you, Uncle Peter. Rest in peace.

From Jeremy Grant:

I have no stories or anecdotes to tell about Peter, because we didn’t interact all that often when I knew him (which was when I was an FT reporter based in Chicago, covering the futures industry). But I have something else, which is the strong imprint left with me of the way he was with people. In a way, I think this is perhaps a more profound thing than anecdotes or stories (although I and many others surely appreciate the great anecdotes and stories posted by others who are remembering Peter).

That imprint is of a person who valued everyone he met, who focused on that person, and who telegraphed a certain calm and kindness – and a dash of impish humour – which was obvious within minutes of meeting him. He was always attentive and patient with me as a journalist, which is not something you can say about many who have the poor fortune of being on the receiving end of a reporter’s attention. He was informative, and helpful, and a true gent.

Thank you for the example you set, Peter, and rest in peace.

From Ed Tilly:

I was saddened by the news of the passing of Peter Wind, a true giant in the futures industry.

More than anything, this is a people business. Throughout his career, Peter had a remarkable ability to build meaningful relationships and connect with everyone he worked with. Whether you were a colleague, a competitor or a client, Peter treated you with compassion and respect. In the nearly two decades that I knew Peter, our interactions were always kind, warm and genuine.

Peter was always a positive voice, looking for the good in things. He was encouraging and supportive of those around him. It was never “we can’t,” it was always “here’s how we can.” He was quick to smile and quick to laugh. His warm, welcoming personality and distinctive laugh lit up every room he was ever in.

His impact on our industry and the many who had the pleasure to know and work with him will be lasting. My heartfelt condolences to the Wind family.

From Jim Kharouf:

It’s true, what so many have said about Peter about his calmness, his ability to process the situation in front of him and employ the wisdom to see where things were going.

I had the honor to spend time with Peter, who served as our advisory committee chairman during my time at John Lothian & Co. I say, “spend time” in the most meaningful way as Peter had this wonderful way or making time slow down for you, no matter what the situation. He was the calm in the storm. He was the one who could help you navigate through it all and the one who imparted his words of wisdom gleaned from many years in this business.

The world always needs people like Peter, who taught me the Four Imperatives about business and so much more. He was a steady hand and a guiding force. For that, I will always be grateful for my time with Peter.

From Ryan T. McNally:

I was deeply saddened to hear the news of Peter’s passing.  He was a friend of mine and mentor to me as well.  He always offered me advice on career, family, etc.  Strange, Peter never seemed to need my advice. Typical Peter.

I may have met him while he was still at CIS as I was their CME rep for a while. I definitely met him while I was working at Greenline Financial Technologies.  He was a true friend to Greenline and TradeHelm.

One day, while doing some paperwork, I noticed that he lived only two blocks north from me on the same street in La Grange, S. Kensington Avenue.  I discovered that he, too, was a 12-months-a-year bicycle commuter to the La Grange BNSF train station as it was only a mile away.  A bit too far to walk, and too close to drive and park.  In the mornings, we would ride fast to make the early train, grab coffee from the coffee lady at the station and we’d chat on the way downtown.  Sometimes I had to remain silent and watch him read his many newspapers (Chicago Tribune, Wall Street Journal, etc.).  That was my cue to stop talking and put on my headphones.

We would have a beer on the flip back to the burbs and talk about business, family, winterizing his Michigan cottage, etc.  As opposed to the morning’s fast rides, during the evening rides we would find a quiet street and just glide home slowly and talk about current industry topics or world events. Oftentimes I’d stop at his driveway to continue the conversation.  Other times I would keep riding on and say goodnight.

My house was right on his path to walk his dog.  He would stop in my garage to smoke a cigar, have a drink and watch the Blackhawks or Chicago baseball playoffs.

If the infamous Saab was in the driveway, Peter was home (most of the time!).  He drove that car forever, I wouldn’t be surprised if he was still driving it.  Before I knew his mobile number, I would ring the doorbell, Stephanie would answer and say, “I’m sorry Ryan, Peter is still downtown playing in a handball tournament at the Union League Club.”

I remember how proud he was of his sons’ accomplishments, especially college.  I will miss him dearly.

From Tom Scanlan:

Peter Wind was an absolute prince and legend in this business. He was so darn funny and always couldn’t wait to share a story with me. He had such a fun way about himself that we all enjoyed. This was tough, unexpected news to bear today.

We were corporate neighbors when we first opened the BrokerTec office at 30 South Wacker back in 2001 and he had so many Cargill stories. He was always well connected and always had time for everyone. He loved introducing the Penson people to everyonen and they were so amazed by all the people he knew. I will miss my friend and the smile he always put on my face.

He challenged me to find a good bottle of wine near 10 bucks, and so the next bottle I open I will raise a toast to an absolute industry giant in his own special way.

From Kelly Brown:

I joined the Cargill family in 1994 as a client service rep and quickly became friends with Peter. Not only was he my boss’s, boss’s boss, he was one of the founding managers of the the firm, and yet he made it a point to get to know every staffer during the normal day-to-day running of the business.

I departed CIS in 2003, but remained close with him over the subsequent 17 years. We became neighbors in a nearby western suburb of Chicago, and saw each other often.

He was a man of principal, a loving father and husband. He was my mentor and friend. I am absolutely devastated with his passing and yet I find solace knowing that we will see each other on the “other side.”

Thank you, Peter, for being you. I am a better person for having known you.

From Michael E. Cahill:

I’m not sure when I first met Peter. Thinking on it, my best guess is it was likely at the FIA Boca Conferences years ago. Over the years, we became friends and talked and emailed routinely.

Peter was very smart and naturally inquisitive. Always researching things and looking at connections. But some of my favorite memories are of Pete pulling his “I’m just a small town boy out of Kansas, why don’t you explain it to me?” schtick to someone as he smirked and waited to derail the explanation.

Peter had a tremendous laugh and always had a funny take on situations.  As we all know, he was extremely proud of his family and lit up whenever asked “what’s up with your boys?” He beamed as he expanded the stories to include his daughters-inlaw and becoming a grandfather. Rest In Peace buddy, we’re really going to miss you.

From Tony Drake:

So sad to hear the passing of Pete. I worked with Pete at CIS for 22 years where he was involved in the financial side and I was in agricultural futures. Pete was the first executive I met when I came to CIS from Cargill Inc. in 1984. I have so many stories of our time together, but nothing compares to fun/arguments we had around his alma mater, Kansas, and mine, Indiana…especially when our teams played basketball. That darn brass Jayhawk he had on his desk was a constant reminder when IU lost to Kansas.

After CIS was bought by Refco we went our separate ways, but eventually met up again in CME Business Conduct Committee meetings. We would talk for an hour after the meeting just to catch up on family and CIS friends. As a trading floor member, I was always amazed at his calmness during stressful times at CIS. Like many said, this was one of his most positive traits. I miss our talks about family and most of all how proud he was of his sons. I don’t look at this as a loss for the futures industry (although it is), but I prefer to think of his passing as what he did for the industry during those 40+ years. His legacy will live on in so many people he mentored.

From Doug Ashburn:

Peter Wind – Mentor to the Futures Industry
I was in my mid-40s when I transitioned from market maker to media guy. I wasn’t in the market for a mentor—I thought by my age I’d be the mentor—and if I needed one it wouldn’t be in the form of a semi-retired brokerage executive. And then Peter joined the Lothian folks as chairman of the advisory committee.

Before we met, I used to see him on the train to and from LaGrange, and I had no idea he was one of the big kahunas at Cargill. In an industry full of big mouths and even bigger egos, Peter was an aberration: calm, level-headed, always knowing the right thing to say at the right time, in a non-judgmental way.

In other words, a mentor.

We hit it off, and for the next 8 years we shared quite a few train rides, breakfast meetings, and rounds of golf. I always took something away from those meetings. The man was full of wisdom—timeless and timely—but I could boil it down to those three simple words: Be the ball.

I—and collectively We as an industry—lost a treasure, a friend, a mentor.

From Chris Hehmeyer, Sr.:

I knew Peter only a bit when he was at CIS but came to know him well when he worked at Penson when they acquired Goldenberg, Hehmeyer & Co. We worked closely together.
Peter and I became frustrated with the management at the parent level at Penson but our vision was the correct one and I greatly enjoyed working with him. I will always remember his somewhat ruddy face with an incipient grin. We certainly faced some serious issues together but his sense of humor was very helpful in getting through life’s stresses. He had wise observations that I repeat on a regular basis thinking of him each time I do. Thank you, Peter, for making me laugh, for some fun golf games, for sharing your wisdom, and for being such a fine example of a good man. God bless.

From Simon Raybould:

Sitting here in remote Western Australia I would very much like to add to your remembrance page for Peter. I was very sorry to hear of his passing.

During the period 1985-1994, CIS was the US clearer for my London team at Nat West Financial Futures. Hal Hansen assembled around him the very best team, and Peter shone through for his attentiveness to our bank whenever we visited Chicago. When I set up our own FCM for CME/CBOT and spent many happy months in Lincoln Park, Peter couldn’t have been more helpful with his advice and expertise as to how we should structure our floor teams.
He was candid, generous and always that winning smile. We planned, plotted, and laughed together, both in the office and in the bars of Chicago.

It was always a joy to reconnect with Peter at FIA events during recent years.

My deepest condolences to his family and friends.

From Kyle Unterseher:

Like many, I was greatly saddened to hear of the passing of Peter C. Wind. Peter was a friend, mentor and just a great dude. Peter took me under his wing and we traveled and pitched together domestically and internationally for Cargill Investor Services (CIS). Along the way, I learned so much from Pete and I always appreciated his amazing storytelling ability. Every story included a full trip around the bases and often would involve a trip around the outfield to the point where you would be thinking, “When is he going to land this plane”? The fact is, the plane always landed perfectly and those that listened and took that trip with Pete came away with a much deeper understanding of how things developed over time and they benefited personally (as I did) for taking that trip.

On my tenth anniversary at CIS, Pete presented me with a huge hand carved wood whistle that makes this incredible train like sound with “TOOT YOUR OWN HORN BUDDY!!” hand written on it.  I’m blowing that horn for you now buddy and have been for all your friends as we reflect on the great memories and fun times we were fortunate enough to share with a great family man. We know you’re listening.  Thanks for the ride pal. TOOT TOOT…

From JB Mackenzie:

I met Peter after Penson’s acquisition of Goldenberg Hehmeyer and it was not long after Peter’s first visit to the office that we became friends. I never reported to Peter, but for the next four years I would have a cup of coffee with him each morning where we would discuss everything from my career to how many strokes he demanded from me in golf. What I didn’t realize at the time was that those coffee session were really life lessons that Peter was teaching me. As is the case with life, mine got more complicated as I started a new job and a family, but the one constant that I could count on was an email, a text or even the random swing by the house. It is interesting how you take those for granted until they can no longer happen.

There is no question in my mind that I would not be where I am today either professionally or personally without those life lessons. Peter, you will be missed, but never forgotten!!!!

From Jim Cone:

It has taken a few weeks to write this, thinking of Peter C. Wind!
“PCW” (his CME floor badge), “Windy” and The Kid from Kansas.
Peter was responsible for hiring myself and many others in the mid 80’s through the next 15 years.
He trained us, guided us, gave us all opportunities and let us go when it was time.
When I was young, I didn’t understand him in his entirety, but as I and others aged, we’d reminisce, share laughs and realize the huge by chance role he played in our lives.

I had the chance to roast Peter a few years back at a CIS reunion. At that time, I remember it was he/Peter, who put me and several young CIS trainees on the Cargill private jet (parked near Bon Jovis jet in 1986), it was Peter that always made sure there was a celebration for a team success, talked about turning the Titanic in his office, about Kansas basketball, and staying the Cargill (CIS) long-term course when he handled a CIS or industry crisis.
After the roast at Bernie Dan’s home, I met him outside and said; “you’re a good man and are why many of us are here!” He grinned his PCW grin.

Peter always talked about his sons, and his beautiful and always supporting wife Stephanie. It was his sons that he was so proud of last fall when I saw him.

I was fortunate to celebrate many successes with you/Peter in Chicago, New York. London, and on Golf courses, and on the beach in Sentosa, Singapore.
You taught many of us how to; close a deal, ask for the order, play Lone Wolf on the course, when to press and hold back the bet, and how to lightly nudge my ball in the trap or fairway to improve a lie. (Ha,ha)

You’ve left some great friends, some secrets and a world of stories.
Yes, you still owe me and a few others $9,326.89 cents from our 1992 bonuses. So PCW – “the first round is on you, next time we meet, my friend”!
God Bless You and Your family.

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