Cboe Europe Management

The Cboe Europe management team focuses solely on the Company's mission of Making Markets Better. From superior trading technology with consistently reliable performance, to innovative price and billing systems, to providing free real-time web-based market data, the management team seizes every opportunity to make the European markets a better place to do business.

David Howson

David Howson is President of Cboe Europe, the European division of Cboe Global Markets. Based in London, Mr. Howson oversees Cboe Europe's operations, which provide market participants with cutting-edge trading and technology solutions for the European equities, global FX and derivatives markets. Cboe Europe is one of the largest pan-European stock market and trade reporting facility operators with venues in both the UK (Cboe UK) and the EU (Cboe NL).

Prior to becoming President in January 2020, Mr. Howson served as Chief Operating Officer at Cboe Europe since 2013, overseeing the company's software engineering, infrastructure and operational teams. He brings more than 20 years of experience in European and North American financial markets technology to the company.

Most recently, Mr. Howson was chief technology officer at Equiduct Systems Ltd., where he was one of the founders responsible for establishing Equiduct in 2006 as a pan-European Regulated Market. Mr. Howson spearheaded the design and implementation of the company's technology platform and market structure and was responsible for technology strategy, market structure and post-trade services.

Prior to Equiduct, Mr. Howson was solutions architect and principal consultant at Reuters Consulting. His work included implementing and integrating a pan-European equities trading platform for Nasdaq Europe, as well as the architecture and implementation of the Super Montage Hybrid trading system for Nasdaq Deutschland. Later, as principal consultant to the Nasdaq Stock Market based in the U.S. he managed the redesign and deployment of several Nasdaq Market Site systems.

Mr. Howson shares his market structure expertise with various industry groups and is a frequent speaker at industry conferences. In December 2019, he was appointed to the European Commission's High Level Forum on Capital Markets Union.

He graduated with first-class honours in Mathematics and Computer Science from Newcastle University.

Adam Eades
President, Cboe NL

Adam Eades is President of Cboe Europe B.V., the Netherlands-based subsidiary of Cboe Europe, overseeing operations for the venue. Cboe Europe B.V. is authorised to operate a Regulated Market (RM), Multilateral Trading Facility (MTF) and Approved Publication Arrangement (APA), under the supervision of the Dutch Authority for the Financial Markets (AFM).

Mr. Eades joined Cboe Europe in November 2011 and was previously Chief Legal and Regulatory Officer at Cboe Europe. Prior to his current appointment, Mr. Eades was also a member of the Board of Cboe Europe Limited and brings with him 25 years of legal, regulatory and compliance experience in financial markets and exchange trading and clearing.

Immediately prior to joining Cboe Europe, Mr. Eades was global general counsel at publicly traded Henderson Group plc, the international investment management firm, where he led legal, compliance and corporate secretariat functions in Europe, North America, Southeast Asia and Australia.

Mr. Eades’ experience includes 14 years at LIFFE and Euronext (later NYSE Euronext), where he held numerous leadership positions, including leading the European legal division for NYSE Euronext and serving as global head of legal affairs for NYSE Liffe responsible for all legal matters related to derivatives.

Prior to the acquisition of LIFFE by NYSE Euronext, Mr. Eades was general counsel and company secretary for LIFFE and served on its executive committee. He was appointed chairman of LIFFE Trustees Ltd., the corporate trustee of the LIFFE pension scheme, and board director of Euronext UK plc. He also directed market supervision and investigations during his tenure at LIFFE.

Mr. Eades is a qualified Solicitor and a member of the Law Society. He graduated from Newcastle upon Tyne University with an honours degree in Politics and History and subsequently completed his legal qualification at Guildford College of Law.

Tim Lipscomb
Chief Operating Officer

Tim Lipscomb is Chief Operating Office of Cboe Europe, the European division of Cboe Global Markets. Based in London, Mr. Lipscomb oversees the company's software engineering, infrastructure and operational teams. He brings more than 20 years of experience in financial markets technology to the company.

Prior to becoming Chief Operating Office in January 2020, Mr. Lipscomb worked at Bank of America for 20 years, most recently overseeing Equities Electronic Trading Technology and European Equities Technology. Over the course of his career at Bank of America and previously Merrill Lynch, Mr. Lipscomb worked in a variety of roles in equity front office and operations technology.

Prior to working in financial markets technology, Mr. Lipscomb worked on a number of transport related technology projects.

Mr. Lipscomb graduate with a BEng in Electronics Engineering from Southampton University.

Jerry Avenell
Co-Head of Sales

Jerry Avenell was appointed co-head of the Cboe Europe sales division following Cboe's acquisition of Chi-X Europe and directs client relationship management and development in the UK and Ireland.

Mr. Avenell joined Chi-X Europe in November 2007 and was business development manager for the UK and Ireland. He was responsible for a range of Chi-X Europe's key market participant relationships and was involved in new product development initiatives.

Prior to joining Chi-X Europe, Mr. Avenell spent over eight years at the London Stock Exchange where he was responsible for market data division's account management. He was subsequently responsible for business development in the market services team and tasked with building the LSE's buy-side strategy.

Mr. Avenell started his career in software sales for the Press Association in 1994 and is a BA (Hons) graduate of the University of Manchester.

Alex Dalley
Co-Head of Sales

Alex Dalley co-heads the Cboe Europe sales division and is responsible for client relationship management and development in continental Europe. As one of the first employees to join Cboe Europe in 2008, Mr. Dalley was responsible for building the MTF's trading participant community as head of sales.

Mr. Dalley was previously with the London Stock Exchange where he served as head of membership and exchange trading directing Exchange trading sales, client management and member firm acquisition. He also led business development for the LSE buy-side/sell-side FIX hub and spoke service.

He is a former Surrey County golfer and graduated with a BA (Hons) in Business Studies from the University of Plymouth.

Stephanie Renner
Chief Financial Officer

Stephanie Renner is Chief Financial Officer (CFO) of Cboe Europe, the European division of Cboe Global Markets, and is responsible for all financial control and human resources functions for the business, including financial planning and reporting. Based in London, Ms. Renner became CFO in June 2018 and brings more than 27 years of experience in financial services and public accounting industries to the role.

Ms. Renner joined Cboe Global Markets as Assistant Controller in 2013, a position she held until her move to Cboe Europe. As Assistant Controller, Ms. Renner managed the daily operations of Cboe’s U.S. accounting function.

Prior to joining Cboe Global Markets, Ms. Renner spent 15 years at H&R Block, a leading tax preparation company, where she held various operational accounting roles and most recently served as the Director of Financial Reporting. During her tenure at H&R Block, Ms. Renner was focused on the financial services business lines, which included mortgage and investment services, small business services, and refund lending. She played a key role in various acquisitions the company made, including efficient integration of the finance departments, processes and reporting.

Ms. Renner started her career at Ernst & Young in Kansas City. She earned her Certified Public Accountant (CPA) designation in 1992 and is currently a member of the Missouri Society of CPAs and the American Institute of CPAs.

She graduated with honors from Rockhurst University in Kansas City.