Edward T. Tilly
| Chairman and Chief Executive Officer
Edward T. Tilly is the Chief Executive Officer (CEO) of CBOE Holdings, Inc., Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2). He also serves as the Chairman of the Board of the CBOE Futures Exchange (CFE). Tilly has been an integral part of the CBOE community, as both a trader and exchange executive, for more than 25 years.
Prior to being named CEO, Tilly was CBOE President and Chief Operating Officer (COO) from November 2011 through May 2013. He served as CBOE's Executive Vice Chairman from 2006 to 2011 and held the highest member-elected position at the exchange as CBOE’s Member Vice Chairman from 2004 to 2006.
Tilly came to CBOE as a trading floor clerk in 1987 and became a floor trader and CBOE member in 1989. He traded as both a market maker and a designated primary market maker (DPM) until joining CBOE’s executive management team in 2006.
As a CBOE member, Tilly served on the CBOE Board of Directors from 1998 to 2000 and again from 2003 to 2006 and chaired the CBOE Floor Directors Committee from 2004 to 2006. He was also a member of the Executive, Compensation and Governance Committees, key committees of the CBOE Board of Directors.
Tilly currently serves on the board of directors for CBOE Holdings, Inc., CBOE, C2, CFE, Northwestern Medical Group, the OCC and Working in the Schools. Tilly is a member of the Economic Club of Chicago and the Chicago Club.
He received a B.A. degree in Economics from Northwestern University.
| President and Chief Operating Officer
Mr. Concannon is President and Chief Operating Officer at CBOE Holdings, joining the firm in 2017 as part of the Bats Global Markets acquisition. He is responsible for CBOE’s trading businesses - U.S. and European Equities, U.S. Options, Global Foreign Exchange and Futures – as well as Technology/Operations, Risk and Marketing.
As CEO of Bats, Concannon led that company’s successful April 2016 initial public offering as well as the acquisition by CBOE in February 2017, creating one of the largest global market operators.
Under his guidance, Bats, a 300-person company, operated the No. 1 market for the trading of European equities, U.S. equities (excluding auctions) and exchange-traded funds, as well as a growing U.S. options business. Earlier, as President of Bats, he played a major role in acquiring Hotspot FX, leading the firm into the global foreign exchange industry.
A noted global market structure expert, Concannon has more than 20 years of experience as an exchange executive, trading participant and regulator. This includes six years at Nasdaq as executive vice president, transaction services where, during his tenure from 2003 to 2009, he helped to transform the company. He was responsible for Nasdaq's U.S. equity and options markets and also led numerous acquisitions and integrations, including Brut, Inet and the Philadelphia and Boston Stock Exchanges. A chief liaison with customers and regulators, he also directed the launch of the Nasdaq Options Market.
Immediately prior to joining Bats, Concannon was president and chief operating officer of Virtu Financial, a global electronic market maker, from 2009 to 2014. He was instrumental in growing Virtu into one of the world's most influential market makers, providing liquidity on over 200 different exchanges and market centers in more than 30 countries in equities, fixed income, currencies and commodities.
Concannon was previously a staff attorney at the Securities and Exchange Commission in the Division of Market Regulation from 1994 to 1997 before joining the law firm of Morgan, Lewis and Bockius LLP. In 1999, he moved to Island ECN, one of the innovative firms that dramatically changed the U.S. market landscape, as special counsel and vice president of business development. From Island, he became president of Instinet Clearing Services before joining Nasdaq in 2003.
Concannon holds a Bachelor's degree from Catholic University, a MBA from St. John's University and a JD from Catholic University's Columbus School of Law. He also holds Series 7 and 24 licenses.
Alan J. Dean
| Executive Vice President, Chief Financial Officer and Treasurer
Mr. Dean is our Executive Vice President, Chief Financial Officer and Treasurer. He has served in that capacity since 1988 and has been employed at the CBOE in the financial area since 1979. He is a CPA, and he holds a B.S. degree in Accounting from Western Illinois University and an M.B.A. from Northwestern University's Kellogg Graduate School of Management.
| Executive Vice President, President Europe
Mr. Hemsley is Executive Vice President and President Europe, at CBOE Holdings, joining the firm in 2017 as part of the Bats Global Markets acquisition. Based in London, he leads a team of approximately 70 people, operating the largest pan-European stock market and trade reporting facility.
A founding employee of Bats Europe in 2008, Hemsley is a well-respected industry expert and leader whose team has played a major role in transforming Europe’s equity markets over the past decade. In 2011, Hemsley led the transformative acquisition and integration of Chi-X Europe, creating the leading stock exchange group in Europe, surpassing legacy markets which had been in operation for hundreds of years.
Under Hemsley’s leadership, Bats became a Recognized Investment Exchange (RIE) in 2013, and in August 2016, Bats Europe announced plans to launch Bats LIS, powered by BIDS Trading, a new block equity trading platform for Europe’s equities market. It has also launched new benchmark real-time indices for numerous major European markets.
Bats Europe and Hemsley have received numerous awards, including the Financial News Trading & Technology Awards Honor for Best Exchange Group. Hemsley has also been named to the "FN 100 Most Influential" list, which recognizes key financial executives impacting European financial markets, every year since 2009 and in 2015 received the “FN Decade of Excellence” award for outstanding contribution to Capital Markets. In addition, he contributes his market structure expertise as a member of the European Securities and Markets Authority (ESMA) Secondary Markets Standing Committee and also the ESMA Stakeholders Group, providing consultation on the impact of market structure changes and ESMA policy development.
Before joining Bats, Hemsley was Managing Director and Chief Information Officer at LIFFE, running its Market Solutions group. At LIFFE, from 2001 to 2004, he won major contracts with top exchanges and transformed the technology organization to capture greater revenue from its exchange businesses. A LIFFE board member, he was also heavily involved in the sale of the company to Euronext.
He also served as Chief Operating Officer and Chief Information Officer – during his tenure at Deutsche Bank GCI, the investment bank where he managed teams of professionals in Frankfurt, London, New York, Singapore, Sydney, and Tokyo, while working closely with the firm's trading operations.
His previous positions include Vice President at Credit Suisse First Boston, where he was global head of foreign exchange technology, and a stint as CIO at Natwest Capital Markets.
| Executive Vice President and Chief Information Officer
Mr. Isaacson is Executive Vice President and Chief Information Officer at CBOE Holdings, joining the firm in 2017 as part of the Bats Global Markets acquisition. Based in Kansas City, Isaacson is responsible for ensuring CBOE is an innovative, world-class leader in technology, overseeing all technology and electronic trading operations, including technology strategy, software engineering and quality, IT infrastructure and the trade desk.
A founding Bats employee in 2005, Isaacson played a major role in developing the firm into an innovative, world-class technology and markets powerhouse, leading expansion into multiple asset classes and geographies. In 2015 alone, Bats moved or launched eight of its 10 markets while simultaneously introducing new trading, listing and product innovations in the U.S. and Europe. This was followed by the successful Bats initial public offering on the Bats BZX Exchange in April 2016.
Isaacson began his career as a software engineer at publicly traded Cerner Corp., a healthcare information systems supplier. He was later instrumental in the architecture and implementation of the original Bats trading platform while starting and overseeing operations, including the trade desk, working closely with customers trading on Bats. Previously, he was a software developer at Tradebot Systems, a broker-dealer, from 2003 to 2005.
A frequent speaker on panels at key industry events, he has consistently been ranked as one of the top technology professionals in financial services by Institutional Investor, which placed him at No. 3 in its “Tech 40” in 2016.
Isaacson holds a bachelor's degree in information systems with a minor in math from Nebraska Wesleyan University, Lincoln, Neb., and was a two-time Academic All-American as a decathlete. He holds a MBA from the University of Nebraska, Lincoln, where he currently serves on the Advisory Board at the Raikes School of Computer Science and Management. Isaacson also is on the board of the Kansas City Tech Council and is involved in leadership at his church.
Isaacson holds Series 4, 7, 24, 27, 55, 63 and 65 licenses.
| Executive Vice President, General Counsel and Corporate Secretary
Ms. Moffic-Silver is our Executive Vice President, General Counsel and Corporate Secretary. She has served in that capacity since 1997 and has been employed as an attorney at the Company since 1980. She is currently a member of the executive committee of the board of advisors of Northwestern University School of Law, a member of the Anti-Defamation League's Chicago/Upper Midwest Region Board, a member of the board of a not-for-profit education organization and a member of the Chicago Network. Ms. Moffic-Silver received her B.A. degree from the University of Wisconsin-Madison (Phi Beta Kappa). Ms. Moffic-Silver received her J.D. degree with honors from Northwestern University Pritzker School of Law.
David S. Reynolds
| Vice President and Chief Accounting Officer
Mr. Reynolds is our Vice President and Chief Accounting Officer . He has served in that capacity since May 2009. Prior to that, Mr. Reynolds was with Hudson Highland Group, Inc., where he served in various roles including vice president, controller, and chief accounting officer. From February 2005 to February 2007, Mr. Reynolds was vice president, controller, and chief accounting officer of Bally Total Fitness Corporation. Prior to that, he spent twenty-two years in various financial roles at Comdisco, Inc., rising to senior vice president and controller. Mr. Reynolds began his career at Ernst & Young. Mr. Reynolds is a certified public accountant and a certified cash manager. He is a graduate of Lehigh University where he obtained a masters degree in business and a B.S. in Finance.