CBOE Expands Its European Team with Hiring of Senior VP

Karthik Subramanian

CBOE Europe, a pan-European exchange operator and which is a part of CBOE Group based in the US, has expanded its European team with the hiring of Natan Tiefenbrun as its Senior Vice President, Head of European Equities.

CBOE Group has been trying to rapidly expand its footprint across a variety of markets in Asia and Europe and this move is also seen as a push towards this direction. With this, they would be further looking towards these markets to give a push to their revenue.

Natan has been Managing Director, EMEA Execution Services at Bank of America (BofA) where he has been since 2013. At CBOE Europe, Natan will be looking into Cboe’s European equities trading business, reporting to David Howson, EVP, President Europe and Asia-Pacific, Cboe Global Markets. Natan will be based out of London where much of the world’s financial firms have set up shop.

“We are thrilled to have Natan join the team. He has a long and highly successful track record in European equities trading and brings a unique skillset to Cboe,” Howson said. “We are excited to leverage his expertise and extensive industry relationships in support of our strategic growth plans and enhance our position as one of the top European equities exchange operators.”

Prior to being with the Bank of America, Natan was with the London Stock Exchange Group and it is clear that he brings in a wealth of experience in the European markets and it seems to be a good hire for the CBOE Group company.

The company had reported some strong trading volumes recently and with the world looking to slowly and steadily come out of the pandemic, it is likely that more and more traders would be interested to start taking some risks again. Last year was a dull business for a lot of brokers and exchanges due to the pandemic and due to the need of the traders to limit their risks.

But with the vaccine being rolled out in several countries, it is expected that the risk appetite of the traders would increase in the coming months and it is clear that many of the financial services companies are preparing themselves to welcome back the traders with some strong technology improvements and sales offer as well.

Cboe Europe is also planning to expand into equity derivatives through the launch of Cboe Europe Derivatives as it awaits regulatory approvals for the same, which are expected to arrive in September 2021.

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