Cboe announces new US exchange board members
Cboe Global Markets, one of the world’s largest exchange companies, announced changes in the membership of the boards of its six U.S. securities exchanges, which will now have the same
Cboe Global Markets, one of the world’s largest exchange companies, announced changes in the membership of the boards of its six U.S. securities exchanges, which will now have the same six directors as of January 1, 2018: Bruce Andrews, Kevin Murphy, David Roscoe, Jill Sommers, and Scott Wagner.
Directors Matthew Billings, Senior Vice President at Scottrade, Inc., Alexander “Sandy” Kemper, Chairman of The Collectors Fund and Chairman and CEO of C2FO, and Joseph Mecane, Head of Execution Services at Citadel, will resign from the boards of Cboe BZX Exchange, Cboe BYX Exchange, Cboe EDGA Exchange and Cboe EDGX Exchange effective upon the close of business on December 31, 2017.
Ed Tilly, Chief Executive Officer of Cboe Global Markets, said: “On behalf of Cboe, I would like to thank Matt Billings, Sandy Kemper and Joe Mecane for their outstanding service to our U.S. exchange boards. Each contributed to the growth of our exchanges, and we are grateful to them for their leadership, guidance and dedication.”.
The current directors of the Cboe Options Exchange and Cboe C2 Options Exchange boards, with the exception of Cboe Global Markets Chairman and CEO Ed Tilly, will also resign from the Cboe Options Exchange and Cboe C2 Options Exchange boards, but will remain directors on the Cboe Global Markets board.
New board members Bruce Andrews, Chairman of Cboe’s Business Conduct Committee and a former Cboe Options Market-Maker, and Kevin Murphy, former Managing Director of Citigroup, will join Mr. Tilly and the three remaining current exchange directors, David Roscoe, Jill Sommers and Scott Wagner, in serving as directors of all six Cboe U.S. securities exchange boards going forward.
Ed Tilly continued: “We welcome incoming board members Bruce Andrews and Kevin Murphy. Each brings unique insight and industry experience to our boards, and I am confident our exchanges will benefit from their expertise.”
Reporting by Rick Steves. Filed 31 December 2017, 17:21 GMT.
Senior Reporter, Regulation and Fintech
Rick Steves has seen business and economics through many lenses. He joined the financial services industry in 2009, and has been a financial journalist since 2011.
