CHICAGO, Jan. 7, 2019 /PRNewswire/ -- Cboe Global Markets,
Inc. (Cboe: CBOE), one of the world's largest exchange holding
companies, today announced that Chris
Isaacson, Executive Vice President and Chief Information
Officer, will become Executive Vice President and Chief Operating
Officer, reporting to Chairman and Chief Executive Officer
Ed Tilly. Eric Crampton, Senior Vice President and Global
Head of Software Engineering, will become Senior Vice President and
Chief Technology Officer, reporting to Chris Isaacson.
Isaacson takes over chief operating duties from Chris Concannon, President and Chief Operating
Officer, who is leaving Cboe on January
14 to pursue a new opportunity outside the company.
Tilly will add the title of President, a position he held
from 2011 to 2013. These appointments will be effective
January 14.
As Chief Operating Officer, Isaacson will run the day-to-day
operations of the company and assume oversight of the
Risk/Information Security teams, while continuing to lead the trade
desk, infrastructure, data and analytics, and foreign exchange (FX)
technology and operations, which he previously led as Chief
Information Officer. As Chief Technology Officer, a new
position within Cboe, Crampton will lead global software
engineering, quality assurance and project management.
Since joining Cboe Global Markets in 2017, Isaacson has led the
integration of the Cboe and Bats Global Markets (Bats) technology
platforms following Cboe's acquisition of Bats in 2017. A founding
member of Bats in 2005, Isaacson held various senior leadership
positions with the company, including Chief Operating Officer from
2007 to 2014 and Executive Vice President and Global Chief
Information Officer from 2014 to 2017. Prior to helping found
Bats, he was a software developer at broker-dealer Tradebot Systems
from 2003 to 2005.
Crampton also joined Cboe in 2017 following the Bats
acquisition. He had been with Bats since 2008, where he led
the software engineering teams through the implementation of the
company's proprietary exchange technology platform and through the
technology integrations following Bats' acquisitions of Chi-X
Europe and Direct Edge. He previously held technical and
management roles at Amazon and at Automated Trading Desk, an
electronic market making and technology firm.
Cboe Global Markets Chairman and Chief Executive Officer
Ed Tilly said: "The role of COO is a
natural progression for Chris
Isaacson, given his track record of success with the company
and the importance we place on leading-edge technology and
relentless execution. He is widely regarded as one of the top
technology and operations professionals in the industry and is
uniquely qualified to lead our daily operations during this next
phase of our growth."
Tilly continued: "Eric Crampton
is a world-class financial technology professional who has been
instrumental in the integration of Cboe and Bats. Working alongside
Chris, he and his team are successfully executing our technology
integration, creating a common world-class trading platform across
our equities, options and futures exchanges, which when completed,
will be a game-changer for Cboe and its customers. On behalf
of everyone at Cboe, we congratulate Chris and Eric on their
promotions and know that they will continue to deliver value to our
colleagues, customers and shareholders."
Commenting on Chris Concannon's
departure, Tilly said: "Chris and I came together to execute the
transformative Cboe-Bats deal. He shared my vision for what
Cboe could become and today, with our greatly expanded multi-asset
product line and global footprint, Cboe Global Markets is one of
the world's largest exchange operators. We've had a
tremendous working relationship and I want to personally thank him
for his contributions to Cboe and wish him continued success in his
next challenge."
Chris Isaacson said: "I am
honored to take on the role of Chief Operating Officer. This is an
incredibly exciting time for Cboe Global Markets given the growth
we've experienced this past year, especially in our proprietary
index products, while achieving major milestones toward our
corporate integration and technology migrations. We continue
to execute on our commitment to product innovation, leading-edge
technology and seamless trading solutions. We have an outstanding
team in place who delivers on this commitment each day and I'm
excited about all we can accomplish going forward."
Chris Concannon commented: "I am
incredibly grateful to Ed, the Board of Directors and all of our
Cboe Global Markets associates for their support. I'm proud of the
work our entire team has done in the successful integration of
Bats, which leaves Cboe even better positioned for the future. It
is bittersweet to be leaving such a fantastic team, but I'm excited
to pursue a challenging new leadership opportunity. I wish
the entire Cboe team continued
success."
About Cboe Global Markets, Inc.
Cboe Global Markets, Inc. (Cboe: CBOE) is one of the world's
largest exchange holding companies, offering cutting-edge trading
and investment solutions to investors around the world. The company
is committed to relentless innovation, connecting global markets
with world-class technology, and providing seamless solutions that
enhance the customer experience.
Cboe offers trading across a diverse range of products in
multiple asset classes and geographies, including options, futures,
U.S. and European equities, exchange-traded products (ETPs), global
foreign exchange (FX) and multi-asset volatility products based on
the Cboe Volatility Index (VIX Index), the world's barometer for
equity market volatility.
Cboe's trading venues include the largest options exchange in
the U.S. and the largest stock exchange by value traded in
Europe. In addition, the company is the second-largest stock
exchange operator in the U.S. and a leading market globally for ETP
trading.
The company is headquartered in Chicago with offices in Kansas City, New
York, London, San Francisco, Singapore, Hong
Kong and Quito,
Ecuador. For more information, visit www.cboe.com.
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We operate in a very competitive and rapidly changing
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extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements.
Some factors that could cause actual results to differ
include: the loss of our right to exclusively list and trade
certain index options and futures products; economic, political and
market conditions; compliance with legal and regulatory
obligations; price competition and consolidation in our industry;
decreases in trading volumes, market data fees or a shift in the
mix of products traded on our exchanges; legislative or regulatory
changes; increasing competition by foreign and domestic entities;
our dependence on and exposure to risk from third parties; our
index providers' ability to maintain the quality and integrity of
their indexes and to perform under our agreements; our ability to
operate our business without violating the intellectual property
rights of others and the costs associated with protecting our
intellectual property rights; our ability to attract and retain
skilled management and other personnel, including those experienced
with post-acquisition integration; our ability to accommodate
trading volume and transaction traffic, including significant
increases, without failure or degradation of performance of our
systems; our ability to protect our systems and communication
networks from security risks, including cyber-attacks and
unauthorized disclosure of confidential information; challenges to
our use of open source software code; our ability to meet our
compliance obligations, including managing potential conflicts
between our regulatory responsibilities and our for-profit status;
damage to our reputation; the ability of our compliance and risk
management methods to effectively monitor and manage our risks; our
ability to manage our growth and strategic acquisitions or
alliances effectively; unanticipated difficulties or expenditures
relating to the acquisition of Bats Global Markets, Inc.,
including, without limitation, difficulties that result in the
failure to realize expected synergies, accretion, efficiencies and
cost savings from the acquisition within the expected time period
(if at all), whether in connection with integration, migrating
trading platforms, broadening distribution of product offerings or
otherwise; restrictions imposed by our debt obligations; our
ability to maintain an investment grade credit rating; potential
difficulties in our migration of trading platforms and our ability
to retain employees as a result of the acquisition; and the
accuracy of our estimates and expectations. More detailed
information about factors that may affect our actual results to
differ may be found in our filings with the SEC, including in our
Annual Report on Form 10-K for the year ended December 31, 2017 and other filings made from
time to time with the SEC.
We do not undertake, and we expressly disclaim, any duty to
update any forward-looking statement whether as a result of new
information, future events or otherwise, except as required by law.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date
hereof.
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SOURCE Cboe Global Markets, Inc.