Cboe Markets Parts Ways With Its Global President, Dave Howson
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Cboe has parted ways with Dave Howsop, its Global President, after three years. After spending their time at Cboe managing the company’s expansion, Dave says he plans to return to the UK.
In a statement released by Cboe, Dave will step down from his position on August 1, while Craig Donohuer, Cboe’s Chief Executive Officer, will assume the role of the President. The development is coming at a time when other senior executives are taking up more positions in the company. Chris Isaacson and Cathy Clay will broaden their responsibilities as the company improves agility and strengthens focus.
Other Executives Step Up Their Roles
Isaacson is the firm’s present Chief Operating Officer and Executive Vice President. He will be expanding his roles to include clearing operations, Global FX, and the Cash Equities segment of the firm. Clay serves as the firm’s Global Head of Derivatives and Executive Vice President. She will take charge of Cboe’s Data Vantage business alongside her derivative role in the company.
Chief Executive Officer at Cboe, Graig Donohue, commented on the job positions.
“Cathy and Chris are highly respected leaders with a deep commitment to excellence in all they do,” he stated. Donohue added that he has strong confidence and believes in the duo to continue driving the company with innovation in their various business portfolios.
He is welcoming them in the new role and hopes that the entire team excels in its goal of expanding Cboe’s operations locally and internationally.
Donohue noted that Dave has had a major impact on Cboe’s growth and development over the past three years. His role and contributions to the firm will have a lasting impact. Donohue appreciated Dave’s services in the company and wished him well in his next career stage.
Isaacson And Clay To Continue The Firm’s Global Expansion
Both Isaacson and Clay have been long-time leaders at Cboe. They both have high knowledge and experience across the platform’s core operations.
Isaacson has a lot of experience in areas such as risk management, FX, and cash equities. He will lead his team to improve performance and growth in these areas, ensuring that the firm expands in data and clearing services. The departure of Dave marks the end of the company’s years of global expansion.
On the other hand, Clay comes with a wealth of experience in the Data Vantage business. Under her watch, the business section will integrated into the derivatives, as she now has the responsibility of growing the segment.
