CHICAGO, Dec. 3, 2013 /PRNewswire/ -- The Chicago Board Options Exchange, Incorporated® (CBOE®) announced today that it has appointed John F. Deters as Chief Strategy Officer and Head of Corporate Initiatives. Deters, 42, is based in Chicago and reports to Edward T. Tilly, Chief Executive Officer, CBOE Holdings, Inc. (NASDAQ: CBOE). Deters succeeds Richard G. DuFour, CBOE Executive Vice President, Corporate Planning and Development, who is retiring at the end of the year.
In his new role, Deters will conduct analyses of CBOE's corporate strategies; coordinate development of corporate goals and initiatives; evaluate business opportunities; negotiate product license agreements and maintain relationships with index licensors and other corporate partners.
"We could not be more pleased to welcome John to CBOE's management team," said Tilly. "His successful track record in strategic planning and execution includes a number of high-profile transactions in the financial services industry. We look forward to leveraging his experience and expertise in analyzing and developing strategic growth initiatives to support CBOE's continued growth."
Prior to joining CBOE, Deters served as Vice President, Financial Institutions Group, Investment Banking, for Barclays since 2008, and in a similar capacity for Lehman Brothers from 2006 to 2008. At both firms, he developed multi-business-line strategic analyses for financial and banking clients, structured and executed a wide variety of corporate financing transactions, and led execution teams in domestic and international merger and acquisition transactions in financial services, including the acquisition of Dow Jones Indexes by CME Group and the formation of the S&P Dow Jones Indices joint venture and related licensing agreements.
Deters served as an Associate in the M&A practice group for the law firm of Skadden, Arps, Slate, Meager & Flom LLP, in New York, London and Frankfurt, for several periods between 2001 to 2004. He also worked in the Banking Regulation Division for the Institute of International Finance and for the Office of International Affairs for the Securities and Exchange Commission (SEC).
Deters holds an MBA from the University of Chicago, a JD/Master of Science in Foreign Service from Georgetown University Law Center in Washington, D.C., and a Bachelor's degree in history from Wheaton College, Wheaton, IL. He is a member of the New York State Bar Association.
CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE offers equity, index and ETP options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options and futures on the CBOE Volatility Index (the VIX Index). Other products engineered by CBOE include equity options, security index options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE is home to the world-renowned Options Institute and www.cboe.com, the go-to place for options and volatility trading resources.
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SOURCE Chicago Board Options Exchange