Gill was the president of CME Group, a position he held since July 2007 when CME and CBOT completed their merger. It was announced in March 2012 that once CME chief executive officer Donohue's contract expired in December 2012, Gill would take over as CEO.
Prior to the merger, Gill served as the president and COO of CME Holdings and of CME since Jan. 1, 2004. Previously, he was a managing director and the president of the CME Clearing House Division and of GFX Corp., a wholly owned subsidiary engaged in proprietary trading of foreign exchange and Eurodollar futures, since March 2000.
Before that, he was the president of CME Clearing House Division from July 1998 to March 2000, senior vice president of the Clearing House Division from May 1997 to July 1998, and vice president from May 1994 to May 1997. Gill has held numerous other positions with CME since 1988, beginning with a job clerking on the floor of CME.
In 2007, Gill donated to Hillary Clinton for President, Friends of Rahm Emanuel, Saxby for Senate and the CME/CBOT PAC. In 2010, he donated to Friends of Blanche Lincoln and the CME Group PAC. 
Gill received a BA in Finance in 1985 and an MBA in 1987, both from Washington State University in Pullman, Wash.
Gill was named Outstanding Chief Executive (Overseas) of the Year at the 2010 Singapore Business Awards. The SBA is jointly organized by The Business Times, Singapore’s leading business daily, and DHL Express Singapore, the express and logistics company. 
- ↑ CME Management. CME Group.
- ↑ Press Release. Fly On The Wall.
- ↑ CME Foundation. CME Group.
- ↑ Phupinder Gill. NewsMeat.
- ↑ "MBA and Finance Grad Heads CME Clearing House/1999-2000”. www.business.wsu.edu.
- ↑ Singapore Business Awards pay tribute to Singapore's leading businessmen and corporate executives. CME Group.