Edward Tilly has been named president at Clear Street, 10 months after he resigned as chief executive of Cboe.
In the role, Tilly is set to work closely with Chris Pento, CEO of Clear Street, jointly leading the firm through the next phase of growth.
Edward Tilly
Speaking to the appointment, Pento asserted: “The time is right for us to welcome Ed to the executive team as we continue to super-charge our growth plans and take Clear Street to the next level.”
Tilly resigned as chief executive of Cboe in September 2023 following the conclusion of an investigation – launched in August – that determined he had failed to disclose personal relationships with colleagues.
Read more: Cboe names new chief executive as Edward Tilly resigns over undisclosed personal relationships
Cboe Global Markets appointed Fredric J Tomczyk in his stead, effective immediately.
The investigation led by the board of directors and an independent counsel concluded that Tilly did not disclose personal relationships with colleagues, violating the company’s standards and values.
During his time at Cboe, Tilly was a driving force behind Cboe’s acquisition of BATS Global Markets in 2017, as well as overseeing the launch of products including 0DTE options.
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Speaking in an announcement, Tilly stated that he is thrilled with the appointment, adding: “Having spent more than thirty years in the financial markets hyper-focused on innovation and accessibility, Clear Street has an exciting opportunity and I am looking forward to working with Chris and his team.”
Other recent appointments from Clear Street include: Atul Pawar, former Goldman Sachs head of US prime, clearing, FCM and counterparty risk, and Jon Daplyn, Morgan Stanley’s former technology head.