Cboe Europe President Mark Hemsley set to leave company in Feb 2020

Maria Nikolova

David Howson, Chief Operating Officer of Cboe Europe since 2013, has been named successor of Mark Hemsley.

Cboe Global Markets, Inc. (Cboe: CBOE), a major exchange holding company, today announces that Mark Hemsley, Executive Vice President at Cboe Global Markets and President of Cboe Europe, intends to retire from the company at the end of February 2020.

David Howson, Chief Operating Officer of Cboe Europe since 2013, will succeed Mr Hemsley. Mr Howson plans to assume the role of Executive Vice President at Cboe Global Markets and President of Cboe Europe beginning January 1, 2020.

Mark Hemsley

Mr. Hemsley, a founding employee of Bats Europe in 2008, is a highly-respected industry expert and leader whose team has played a major role in transforming Europe’s equity markets over the past decade. In 2011, he led the transformative acquisition and integration of Chi-X Europe, creating the leading stock exchange group in Europe. Bats was acquired by Cboe Global Markets in 2017 and Mr. Hemsley assumed his current role. Before joining Bats, Mr Hemsley was Managing Director and Chief Information Officer at LIFFE, running its Market Solutions group.

Mr. Howson has over 20 years of experience in European and North American financial markets technology. He joined Cboe in 2017 as part of the Bats acquisition and has been instrumental in the company’s organic growth. Mr. Howson has spearheaded the development and execution of some of Cboe’s most innovative product offerings, including Cboe Periodic Auctions, Cboe LIS, and BXTR, and orchestrated the firm’s seamless implementation of MiFID II.

Before joining Bats in 2013, Mr Howson served as a founding employee and Chief Technology Officer of Equiduct, where he helped establish the firm as a pan-European Regulated Market in 2006. 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.

Mr. Howson’s current responsibilities will be assumed by Tim Lipscomb who joined Cboe Europe as Deputy Chief Operating Officer last month. Mr. Lipscomb joined Cboe from Bank of America Merrill Lynch where he spent 20 years and most recently served as Managing Director, EMEA Equities and Electronic Trading Technology.

In his role at Cboe, Mr Lipscomb oversees the company’s software engineering, infrastructure and operational teams and is a member of the Cboe Europe management team.

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