Mark Hemsley to Retire as President of Cboe Europe in 2020

On the same day that Cboe published its third-quarter results, the company also announced that Mark Hemsley, Executive Vice President at Cboe Global Markets and President of Cboe Europe, will retire from the company at the end of February 2020.

Hemsley’s career has focused largely on the equity markets. In 2008, he was a founding employee of Bats Europe, which was acquired by Cboe Global Markets in 2017, which led to Hemsley holding his current role.

During his career, he has also worked at LIFFE, where he was Managing Director and Chief Information Officer. As part of this role, he ran the company’s Market Solutions group, the statement said.

David Howson to succeed Hemsley

Taking his place will be David Howson, who is the current Chief Operating Officer of Cboe Europe since 2013. According to the statement, Howson will assume the new roles at the beginning of next year - January 1, 2020.

Commenting on the moves, Ed Tilly, Chairman, President and Chief Executive Officer of Cboe Global Markets said: “The entire Cboe organization is grateful for Mark’s vision, leadership and dedication to the company and we congratulate him on a well-deserved retirement…

“David’s appointment reflects a long-established succession plan, and he is ready to lead Cboe Europe. He has spearheaded the development and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term of some of our most innovative product offerings, is well-respected by our clients and trading community, and is a strong leader with sound judgement. The future of Cboe Europe is bright with David at the helm.”

Similar to Hemsley, Howson also joined Cboe in 2017 as part of the Bats Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term, having joined the company back in 2013. Throughout his career, he has gained more than two decades worth of experience in Europe and North America financial markets technology.

Speaking on his retirement, Hemsley added: “Announcing my retirement is bittersweet as the last 11 years have been the most rewarding of my career. I am proud to have worked with an outstanding team to help bring competition and innovation to European capital markets. Under David’s leadership, Cboe Europe is well-poised to continue this track record of success.”