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