Cboe Global Markets has reshuffled its equities leadership, making moves on both sides of the Atlantic as part of a major overhaul.
One headline move sees Alex Dalley elevated to senior vice president to run its European equities business, while long-time executive Natan Tiefenbrun departs the company.
Natan Tiefenbrun and Alex Dalley.
Dalley, currently head of European equities, will take on the expanded role, subject to regulatory approval, marking a key internal promotion as Cboe looks to strengthen its regional structure.
Tiefenbrun, president of Europe and global head of cash equities, is leaving to pursue new opportunities after helping build out Cboe’s European and global equities franchise.
Cboe stated Dalley will also co-lead its London office alongside Jon Weinberg, the firm’s global head of FX, under a new regional office leadership model designed to support its global expansion.
Weinberg’s remit has been expanded to include oversight of Cboe’s off-exchange trading business, while other regional hubs will be led from New York, Kansas City and Amsterdam.
Craig Donohue, chief executive officer of Cboe Global Markets said Dalley and Weinberg were “long-tenured, talented leaders with deep customer relationships, clear strategic visions, and proven records of delivering results,” adding that the company was grateful to Tiefenbrun for his leadership in developing its European and global equities operations.
The moves form part of a wider executive overhaul, which also sees Scott Johnston appointed executive vice president and chief operating officer, and Heidi Fischer named executive vice president and global head of equities and spot markets.
Johnston will replace current COO Chris Isaacson, who plans to retire from the role on 6 March and remain with the company as an adviser through the end of 2026 to support the transition. Fischer will assume oversight of Cboe’s global cash equities and spot markets, responsibilities previously held by Isaacson.
Chicago-based Johnston brings more than 40 years of industry experience, including senior roles at Akuna Capital, Hudson River Trading, Citadel, Tower Research Capital, CME Group and UBS. He will oversee day-to-day operations across Cboe’s trading platforms, market operations, infrastructure and clearing teams, working closely with chief technology officer Tim Lipscomb. Johnston will join Cboe on 17 February.
Fischer, who will be based in New York, joins from TMX Group, where she was managing director and president of TMX Alpha US. She previously held senior roles at Deutsche Bank, Instinet and Tucker Alan and will lead strategy, product development and client engagement across Cboe’s equities and spot markets.