“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.”
Cboe Global Markets has made changes to its senior management team as its positions itself for its next phase of growth. The largest derivatives markets infrastructure, which is led by Chairman and CEO Ed Tilly, has promoted David Howson to President, Ade Cordell to President, Asia Pacific, and Natan Tiefenbrun to President, Europe.
The firm provides trading and data solutions in multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific.
The incoming Cboe President, David Howson, was EVP at Cboe and President for Europe and Asia Pacific, and will relocate from London to Chicago to assume his new position.
In Chicago, he 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.
To fill the vacancies President for Europe and President for Asia Pacific, Cboe chose Natal Tiefenbrun (currently Head of European Equities at Cboe) and Ade Cordell (currently President of Cboe Netherlands), respectively.
Ed Tilly, Chairman, Chief Executive Officer and current President of Cboe Global Markets, said: “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.
“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.”
“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.”
David Howson, incoming President of Cboe, commented: “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.”
