Cboe Global Markets President Steps Down

By Philip Seaworth • Wednesday, May 28 15:25 • Permanent Link

Cboe Global Markets, a leading derivatives and securities exchange network, has announced the departure of the company's Global President, Dave Howson. Effective August 1, 2025, Howson will be stepping down from his role after spending three years in Chicago and will be returning to the UK. Following his departure, Cboe CEO Craig Donohue will also assume the title of President.

As a result of Howson's departure, Cathy Clay, EVP and Global Head of Derivatives, and Chris Isaacson, EVP and Chief Operating Officer, will be expanding their global leadership roles within the company. Cathy Clay's responsibilities will be expanded to provide oversight of the Cboe Data Vantage business, in addition to her current role overseeing the global derivatives business consisting of equity and index options and futures. Meanwhile, Chris Isaacson's expanded responsibilities will include oversight of cash equities, global FX, and clearing, in addition to his current role overseeing technology, operations, and risk.

Cathy Clay has been recognized for her strong entrepreneurial spirit and proven track record in business building, having played a foundational role in the early development of the Cboe Data Vantage business. Chris Isaacson brings a strong track record of leadership, innovation, and broad markets experience with deep expertise in cash equities, FX, and clearing.

The changes in leadership leverage the strong track records and excellent leadership skills of Cathy Clay and Chris Isaacson, aiming to strengthen the company’s strategic focus, empower innovation, enhance operational agility, and position Cboe for sustained global growth.

Cboe Global Markets, the world's leading derivatives and securities exchange network, provides trading solutions and products in multiple asset classes, including equities, derivatives, and FX, across North America, Europe, and Asia Pacific. The company is committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. The market has reacted to these announcements by moving the company's shares -1.86% to a price of $226.96. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.