Clear Street names former CBOE chief Edward Tilly as new president

Clear Street Appoints Former CBOE Chief Edward Tilly as President: Key Points

1. New Appointment:
   • Edward Tilly, former chairman and CEO of CBOE Capital Markets, has been hired as the new president of Clear Street.
   • Will work closely with CEO Chris Pento to lead the firm’s growth.
2. Clear Street Overview:
   • New York-based independent prime broker.
   • Provides cloud-native clearing, custody, and prime brokerage services to institutional investors and traders.
   • Valued at $2.1 billion.
3. Growth and Performance:
   • Clear Street has increased its main business revenue by over 50% each year on average since its launch in 2018.
   • Growth is currently accelerating.
4. Edward Tilly’s Background:
   • Led CBOE Capital Markets for over 10 years.
   • Increased CBOE’s market capitalization from $2 billion to over $18 billion.
   • Instrumental in transformative transactions, including the acquisition of BATS Global Markets in 2017.
5. Strategic Importance:
   • Chris Pento highlights the strategic timing of Tilly’s appointment to support Clear Street’s growth plans.
   • Tilly’s experience in financial markets innovation and accessibility is seen as a valuable asset.
6. Recent Hires:
   • Clear Street recently appointed Jon Daplyn as Chief Information Officer and Hari Godbole as Managing Director and Vice President of Engineering in September.