Cboe Global Markets Inc. (Cboe: CBOE) announced that it has restructured its leadership team for its next developmental stage of growth.
Recently announced in a press release shared with Finance Magnates, David Howson, who until recently was the EVP and President of Europe & Asia Pacific, has been promoted to President of Cboe Global Markets, a provider of global market infrastructure and tradable products. Additionally, Ade Cordell, who was serving as Senior Vice President and President of Cboe Netherlands, will be elevated to President of Asia Pacific. Also, Natan Tiefenbrun, the existing SVP and Head of European Equities at Cboe, will take on the post of President of Europe.
Howson’s role will become effective from 12 May 2022 and will be relocated to Chicago to oversee the companies business lines on a global scale. This will include equities, derivatives, derivatives strategy, FX, data and access solutions, listings and The Options Institute, Cboe's educational arm.
Further, Cordell will continue as before reporting to Howson and will focus on the business operations of Cboe Australia and Cboe Japan. Also, he will take charge of the company’s increased regional expansion and as before oversee Cboe's European Derivatives (CEDX) business until the end of 2022 to enable a smooth transition from his role.
Moreover, Tiefenbrun will also report to Howson as he did previously and will drive Cboe's UK and Amsterdam-based businesses.
World’s Largest Global Derivatives and Securities Networks
Edward Tilly has been serving the company as President since January 2019, Chairman since February 2017 and as CEO and Director from May 2013.
Reflecting on the announcement, Ed Tilly, the CEO and Chairman of Cboe Global Markets commented: "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."
"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," Howson added.
