Cboe Global Markets has made several changes to its senior management team, reflecting the company’s recent global expansion and plans for its next phase of growth.
The changes include the promotion of David Howson to the role of president of Cboe Global Markets, effective 12 May 2022.
Howson, who currently serves as executive vice president at Cboe and president for Europe and Asia Pacific, will relocate from London to Chicago to assume his new role.
He will replace Ed Tilly as president of Cboe Global Markets, with the latter serving in the position since January 2019. Tilly will remain as Cboe’s CEO and chairman.
Meanwhile, Ade Cordell, who currently serves as senior vice president of Cboe Netherlands, will become president, Asia Pacific.
Cordell will relocate to the Asia Pacific region in Q4 of this year and continue to report to Howson in his new role, which will consist of overseeing the business operations of Cboe Australia and Cboe Japan, as well as the company’s further expansion into the region.
In addition, Cordell will continue to oversee Cboe’s European Derivatives (CEDX) business for the remainder of this year to allow for a seamless transition to his successor.
Elsewhere, Natan Tiefenbrun, Cboe’s current senior vice president and head of European equities, will take on the role of president, Europe.
Tiefenburn will continue to report to Howson in his new role, which will consist of overseeing Cboe’s UK and Amsterdam-based businesses.
“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,” said Tilly.
The changes in Cboe’s senior management team follow the recent appointment of Greg Hoogasian, who was promoted to executive vice president, chief regulatory officer and member of the company’s executive leadership team last month.
“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,” said Howson.
“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.”