Dave Howson is leaving his role as global president at Cboe Global Markets, effective 1 August.
Howson has held the role since 2022, before which he was president of Europe and APAC. He began working at Cboe, then Bats, as chief operating officer for Europe in 2013.
Cboe CEO, Craig Donohue will take on the president title, with global head of derivatives Cathy Clay and chief operating officer Chris Isaacson expanding their leadership roles after Howson’s departure.
Clay will be responsible for overseeing the Cboe Data Vantage business, integrating it with her existing leadership of the global derivatives division.
The company, which reported US$565 million in revenues over Q1 2025, recently expanded its derivatives business with the addition of S&P 500 equal weight index options.
READ MORE: Cboe expands derivatives business as demand booms
Isaacson will take on the cash equities, global FX and clearing businesses in addition to his existing coverage of technology, operations and risk operations.
The company states that dividing leadership in this way will strengthen its strategic focus and improve operational agility.
