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Cboe Global Markets Announces Changes to Management Team
Traders Magazine Online News, January 11, 2019
Cboe Global Markets announced that Chris Isaacson, Executive Vice President and Chief Information Officer, will become Executive Vice President and Chief Operating Officer, reporting to Chairman and Chief Executive Officer Ed Tilly. Eric Crampton, Senior Vice President and Global Head of Software Engineering, will become Senior Vice President and Chief Technology Officer, reporting to Chris Isaacson.
Isaacson takes over chief operating duties from Chris Concannon, President and Chief Operating Officer, who is leaving Cboe on January 14 to pursue a new opportunity outside the company. Tilly will add the title of President, a position he held from 2011 to 2013. These appointments will be effective January 14.
As Chief Operating Officer, Isaacson will run the day-to-day operations of the company and assume oversight of the Risk/Information Security teams, while continuing to lead the trade desk, infrastructure, data and analytics, and foreign exchange (FX) technology and operations, which he previously led as Chief Information Officer. As Chief Technology Officer, a new position within Cboe, Crampton will lead global software engineering, quality assurance and project management.
Since joining Cboe Global Markets in 2017, Isaacson has led the integration of the Cboe and Bats Global Markets (Bats) technology platforms following Cboe's acquisition of Bats in 2017. A founding member of Bats in 2005, Isaacson held various senior leadership positions with the company, including Chief Operating Officer from 2007 to 2014 and Executive Vice President and Global Chief Information Officer from 2014 to 2017. Prior to helping found Bats, he was a software developer at broker-dealer Tradebot Systems from 2003 to 2005.
Chris Isaacson
Crampton also joined Cboe in 2017 following the Bats acquisition. He had been with Bats since 2008, where he led the software engineering teams through the implementation of the company's proprietary exchange technology platform and through the technology integrations following Bats' acquisitions of Chi-X Europe and Direct Edge. He previously held technical and management roles at Amazon and at Automated Trading Desk, an electronic market making and technology firm.
Cboe Global Markets Chairman and Chief Executive Officer Ed Tilly said: "The role of COO is a natural progression for Chris Isaacson, given his track record of success with the company and the importance we place on leading-edge technology and relentless execution. He is widely regarded as one of the top technology and operations professionals in the industry and is uniquely qualified to lead our daily operations during this next phase of our growth."
Tilly continued: "Eric Crampton is a world-class financial technology professional who has been instrumental in the integration of Cboe and Bats. Working alongside Chris, he and his team are successfully executing our technology integration, creating a common world-class trading platform across our equities, options and futures exchanges, which when completed, will be a game-changer for Cboe and its customers. On behalf of everyone at Cboe, we congratulate Chris and Eric on their promotions and know that they will continue to deliver value to our colleagues, customers and shareholders."
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