CHICAGO and LONDON, March 9,
2022 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe:
CBOE), a leading provider of global market infrastructure and
tradable products, today announced changes to its senior management
team under Chief Executive Officer Ed
Tilly that reflect the company's global expansion in recent
years and position it for its next phase of growth. These changes
include the appointment of David
Howson to the role of President, effective May 12, 2022.
![](https://mma.prnewswire.com/media/622233/Cboe_Logo.jpg)
"Cboe's recent growth means it is a very different company from
the one it was only a few years ago and is uniquely positioned to
drive further sustainable growth and value for our clients,
shareholders and employees," says Ed
Tilly, Chairman, Chief Executive Officer and current
President of Cboe Global Markets. "Through customer-led organic
growth initiatives, along with M&A, we now have a truly global
footprint across multiple asset classes to help capitalise on key
industry trends including an increased demand for trading products
and data services globally, the rise of the retail customer and
ESG-focused investment. The appointment of David to the role of
President, along with the other senior management changes announced
today, will allow us to accelerate towards our goal of becoming one
of the world's largest global derivatives and securities networks,
through continued focus on customer-led innovation, deeper
integration across our ecosystem and the realisation of untapped
growth opportunities in new regions and markets around the
world."
The senior management changes are as follows:
- David Howson, currently
Executive Vice President at Cboe and President for Europe and Asia
Pacific, will become President of Cboe Global Markets,
effective May 12, 2022. Mr. Howson
will relocate from London to
Chicago to assume his new position
and will oversee Cboe's business lines globally, including
equities, derivatives, derivatives strategy, FX, data and access
solutions, listings and The Options Institute, Cboe's educational
arm. Mr. Tilly has served as Cboe Global Markets' President since
January 2019, Chairman since
February 2017 and as CEO and a
director since May 2013.
- Ade Cordell, currently Senior Vice President and
President of Cboe Netherlands, will become President, Asia Pacific and will relocate to the region
in the fourth quarter of 2022. Mr. Cordell will continue to report
to Mr. Howson in his new role, in which he will oversee the
business operations of Cboe Australia and Cboe Japan (formerly
Chi-X Asia Pacific) and be responsible for the company's further
expansion into the region. Cordell will continue to oversee Cboe's
European Derivatives (CEDX) business for the remainder of 2022 to
ensure a seamless transition to a successor.
- Natan Tiefenbrun,
currently Senior Vice President and Head of European Equities at
Cboe, will assume the role of President, Europe. Mr. Tiefenbrun will continue to report
to Howson in his new role, in which he will oversee Cboe's UK and
Amsterdam-based businesses.
"David's promotion reflects his contribution to Cboe attaining
the global position it holds today," says Mr. Tilly. "His track
record of success at Cboe speaks for itself, having overseen some
of our key strategic initiatives in recent years, including both
organic growth and M&A. He has spearheaded the development and
execution of some of Cboe's most innovative products, the
successful asset class diversification into pan-European
derivatives and our regional expansion into Asia Pacific. He will play a crucial role as
Cboe continues its mission to build one of the world's largest and
most comprehensive securities and derivatives networks."
Mr. Howson said: "I couldn't be more excited and honoured to
take on the role of President. This is an incredibly exciting time
for Cboe given the growth we have experienced over the past few
years and I'm looking forward to learning from and working with all
our business lines globally as we enter our next phase of growth by
further expanding and harmonising the services we provide to
customers around the world. I'm also pleased for Natan and Ade to
be taking on oversight of Cboe's European and Asia Pacific businesses, respectively,
promotions which reflect the considerable impact they have had on
the company in a relatively short period of time."
Biographies
David Howson
Mr. Howson
has more than 25 years of experience in European and North American
financial markets. He joined Cboe in 2017 as part of the Bats
acquisition, becoming President, Europe in January
2020 and taking additional responsibility for Asia Pacific in June
2021, following Cboe's acquisition of Chi-X Asia Pacific. He
has been instrumental in the company's recent key organic and
inorganic growth initiatives. He has spearheaded the growth of
Cboe's European business, including the development and execution
of some of its most innovative product offerings, including Cboe
Europe Periodic Auctions, Cboe BIDS Europe, and BXTR, which has
become the largest trade reporting facility in Europe. He oversaw Cboe's acquisition of
EuroCCP, the pan-European clearing house, in July 2020 and the subsequent launch of CEDX,
Cboe's first pan-European derivatives marketplace. Having helped
lead Cboe's acquisition of Chi-X Asia Pacific - which operates
alternative equity trading platforms in Australia and Japan – he took on oversight of these
businesses and has laid the foundations for an expansion of their
products and services.
Prior to joining Bats in 2013, Howson was a founding employee
and Chief Technology Officer of Equiduct, a pan-European Regulated
Market. He spent the early part of his career consulting on the
technology strategy and implementation for various exchanges in the
U.S. and Europe, including Nasdaq,
Borsa Italiana and LIFFE.
Ade Cordell
Mr. Cordell joined Cboe Europe in
January 2020 as head of business
development overseeing its expansion into derivatives. He was
appointed President, Cboe Netherlands in July 2020 and led the
development and launch of Cboe Europe Derivatives in September 2021. He joined Cboe having spent
almost 16 years at ICE where he was the Global Head of Equity
Derivatives, leading its equity derivatives business development
and product teams in London,
New York and Chicago. He also worked for Deutsche Bank in
London and New York, and for Credit Suisse First Boston
in London and Hong Kong.
Natan Tiefenbrun
Mr.
Tiefenbrun joined Cboe Europe in June
2021 from Bank of America (BofA), where he worked since
2013. He led BofA's agency equities execution services in the EMEA
region, including its high touch, portfolio trading and electronic
trading offerings. Prior to BofA, he spent four years with the
London Stock Exchange Group, most recently as the Chief Executive
Officer of Turquoise, a pan-European equities and equity
derivatives trading platform. He began his financial career in 1993
with Instinet.
About Cboe Global Markets, Inc.
Cboe Global Markets
(Cboe: CBOE), a leading provider of market infrastructure and
tradable products, delivers cutting-edge trading, clearing and
investment solutions to market participants around the world. The
company is committed to operating a trusted, inclusive global
marketplace, providing leading products, technology and data
solutions that enable participants to define a sustainable
financial future. Cboe provides trading solutions and products in
multiple asset classes, including equities, derivatives and FX,
across North America, Europe and Asia Pacific.
To learn more, visit www.cboe.com.
Media
Contacts
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Analyst
Contact
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Tim
Cave
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Angela
Tu
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Kenneth Hill,
CFA
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+44-7593
506719
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+1-646-856-8734
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+1-312-786-7559
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tcave@cboe.com
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atu@cboe.com
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khill@cboe.com
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Cautionary Statements Regarding Forward-Looking
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release may constitute forward-looking statements. We caution
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