Cboe Global Markets today announced changes to its senior management team under Chief Executive Officer Ed Tilly that reflect the company’s global expansion in recent years and position it for its next phase of growth. These changes include the appointment of David Howson to the role of President.

Mr Howson, currently Executive Vice President at Cboe and President for Europe and Asia Pacific, will become President of Cboe Global Markets, effective May 12, 2022. Mr. Howson will relocate from London to Chicago to assume his new position and 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.

Mr. Howson has more than 25 years of experience in European and North American financial markets. He joined Cboe in 2017 as part of the Bats acquisition, becoming President, Europe in January 2020 and taking additional responsibility for Asia Pacific in June 2021, following Cboe’s acquisition of Chi-X Asia Pacific.

He has spearheaded the growth of Cboe’s European business, including the development and execution of some of its most innovative product offerings, including Cboe Europe Periodic Auctions, Cboe BIDS Europe, and BXTR, which has become the largest trade reporting facility in Europe. He oversaw Cboe’s acquisition of EuroCCP, the pan-European clearing house, in July 2020 and the subsequent launch of CEDX, Cboe’s first pan-European derivatives marketplace.

Having helped lead Cboe’s acquisition of Chi-X Asia Pacific – which operates alternative equity trading platforms in Australia and Japan – he took on oversight of these businesses and has laid the foundations for an expansion of their products and services.

Prior to joining Bats in 2013, Mr Howson was a founding employee and Chief Technology Officer of Equiduct, a pan-European Regulated Market. He spent the early part of his career consulting on the technology strategy and implementation for various exchanges in the U.S. and Europe, including Nasdaq, Borsa Italiana and LIFFE.

Also today, Cboe announced that Ade Cordell, currently Senior Vice President and President of Cboe Netherlands, will become President, Asia Pacific and will relocate to the region in the fourth quarter of 2022. Mr. Cordell will continue to report to Mr. Howson in his new role, in which he will oversee the business operations of Cboe Australia and Cboe Japan (formerly Chi-X Asia Pacific) and be responsible for the company’s further expansion into the region. Cordell will continue to oversee Cboe’s European Derivatives (CEDX) business for the remainder of 2022 to ensure a seamless transition to a successor.

Natan Tiefenbrun, currently Senior Vice President and Head of European Equities at Cboe, will assume the role of President, Europe. Mr. Tiefenbrun will continue to report to Howson in his new role, in which he will oversee Cboe’s UK and Amsterdam-based businesses.