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
President, Cboe Europe

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.

Ade Cordell
President, Cboe NL

Ade Cordell is President of Cboe NL. This is Cboe’s Netherlands-based exchange which launched in October 2019 and will be the future home to Cboe Europe Derivatives. Before becoming President in July 2020, Mr. Cordell was head of business development overseeing Cboe Europe’s expansion into derivatives.

Mr. Cordell has over 25 years’ financial markets experience having worked for leading investment banks and derivatives exchanges. Prior to joining Cboe Europe in January 2020, Mr. Cordell was the Global Head of Equity Derivatives at ICE. His role encompassed leading client facing equity derivatives business development and product teams in London, New York and Chicago. He has an international career background having worked in London and New York with Deutsche Bank, as well as stints in London and Hong Kong with Credit Suisse First Boston.

Mr Cordell holds a Master of Business Administration degree in Electronic Business from Cass Business School, City, University of London, and a Master of Science degree in International Strategy and Diplomacy from the London School of Economics and Political Science.

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.

Tim Lipscomb
Chief Operating Officer

Tim Lipscomb is Chief Operating Officer 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.

Karl Spielmann
Chief Legal Officer

Karl Spielmann is the Chief Legal Officer for Cboe Europe. He has responsibility for all legal, governance and company secretarial matters across the Cboe Europe Group including clearing initiatives and related regulatory engagement.

Prior to joining Cboe Europe in 2020 Mr Spielmann was Managing Director and Deputy General Counsel for DTCC Europe for 11 years during which time he also acted as Head of Legal and Compliance of EuroCCP Limited, Chief Legal Officer of DTCC Euroclear Global Collateral Limited and as a member of the Supervisory Board of the pan European Clearing House, EuroCCP N.V. He brings over 28 years of legal, regulatory and compliance experience in wholesale and retail financial services and exchange trading and clearing.

Mr Spielmann’ experience includes working as UK General Counsel for a number of non-financial services companies including Dun & Bradstreet Limited and the encryption software vendor, Entrust Limited. He has also held business facing roles as a management consultant and as Deputy CEO of EuroCCP Limited.

Mr Spielmann holds an honours Law Degree (LLB) and Masters Law Degree (LLM) in EEC, International Trade and Competition Law from the University of Leicester. He is a graduate of the Securities Industry Institute at the Wharton School.

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.