Cboe Global Markets announced the departure of its
Global President, Dave Howson. After three years in Chicago steering the
exchange operator’s global expansion, Howson plans to return to the UK.
Cboe confirmed that Howson will step down effective
August 1, 2025. In his absence, Chief Executive Officer Craig Donohue will
assume the additional title of President.
More Executive Realignment
At the same time, two senior executives, Cathy Clay
and Chris Isaacson, will see their responsibilities broadened in a move the
company says will strengthen focus and improve agility.
Clay, who serves as Executive Vice President and
Global Head of Derivatives, will oversee Cboe’s Data Vantage
business in addition to her derivatives role. Isaacson, currently Executive Vice President and Chief
Operating Officer, will expand his remit to include Cash Equities, Global FX,
and Clearing operations.
The shift reflects a deliberate strategy to separate
the oversight of key business segments while aligning them under proven
leadership. Both Clay and Isaacson are long-time Cboe leaders with deep
experience across the exchange’s core operations.
Howson’s Departure Marks the End of a Global Chapter
Clay is credited with helping launch the Data Vantage
business, which will now align more closely with derivatives under her purview. Isaacson, whose expertise spans cash equities, FX, and
risk management, will help drive the performance of these areas while
supporting growth in data and clearing services. Howson’s exit marks the
conclusion of a period of global expansion for Cboe.
Expect ongoing updates as this story evolves.
This article was written by Jared Kirui at www.financemagnates.com.
