Clear Street Welcomes Industry Veteran Edward Tilly as President
08 Julio 2024 - 9:18AM
Business Wire
Newest Executive Addition at Fast Growing
Clear Street Led CBOE Through Decades of Transformation
Clear Street (“Clear Street,” “the Company”), a cloud-native
financial technology firm on a mission to modernize the brokerage
ecosystem, is pleased to welcome Edward Tilly to the firm as
President.
Edward Tilly joins Clear Street after a successful decade-long
tenure as Chief Executive Officer at CBOE Global Markets, Inc.
(CBOE: CBOE), where he oversaw and was instrumental in growing
market capitalization from $2.0 billion to more than $18.0 billion.
He was the driving force behind transformative transactions such as
the CBOE’s 2017 acquisition of BATS Global Markets, Inc. and
innovative products like zero-days-to-expiration (0DTE) options,
and brings to Clear Street a wealth of experience and a proven
track record of success running a public company.
Tilly will work closely with Chris Pento, Clear Street's Chief
Executive Officer, as they lead Clear Street through the next phase
of growth. Tilly will report to Clear Street’s Board of
Directors.
Chris Pento, Chief Executive Officer of Clear Street, stated,
“We started Clear Street in 2018 with the mission to modernize the
global capital markets and the brokerage ecosystem. Since then, we
have accomplished a lot in a short amount of time. We have grown
into a $2.1 billion company with a compelling growth story and
financial profile. Our platform has enabled us to grow the topline
at a CAGR of more than 50% in our core business, with that growth
accelerating this year. The time is right for us to welcome Ed to
the executive team as we continue to super-charge our growth plans
and take Clear Street to the next level.”
“I am thrilled to be joining a company whose global vision is
relentlessly customer-centric and whose technology platform is so
unique. Having spent more than thirty years in the financial
markets hyper-focused on innovation and accessibility, Clear Street
has an exciting opportunity and I am looking forward to working
with Chris and his team,” commented Tilly.
Uri Cohen, Chairman and Co-Founder, Clear Street, said, “Ed
Tilly is, fundamentally, a seasoned capital markets entrepreneur,
which makes him an excellent fit for Clear Street’s client-focused,
innovative and disruptive offering. While at CBOE, he demonstrated
his strategic vision and ability to drive sustainable growth in
dynamic market environments. The addition of Ed is a testament to
our excellent team and achievements thus far and speaks to the
opportunity ahead as we execute on our mission to modernize the
brokerage ecosystem with our world-class technology and customer
experiences. We welcome Ed to Clear Street as he takes on this
important leadership role where his deep industry expertise,
strategic prowess and proven leadership capabilities will be part
of Clear Street’s future.”
Clear Street has made a number of premier additions to its
executive team over the past year, including former Goldman Sachs
head of U.S. Prime, Clearing, FCM and Counterparty Risk, Atul Pawar
and Morgan Stanley’s former technology leader, Jon Daplyn.
About Clear Street
Clear Street is modernizing the brokerage ecosystem. Founded in
2018, Clear Street is a diversified financial services firm
replacing the legacy infrastructure used across capital markets.
The firm started from scratch by building a completely cloud-native
clearing and custody system designed for today’s complex, global
market. In December 2023, Clear Street received a third tranche of
Series B funding from Prysm Capital, increasing its Series B to
$685 million and the firm’s valuation to $2.1 billion.
Clear Street’s proprietary platform adds significant efficiency
to the market while focusing on minimizing risk, redundancy, and
cost for clients. Clear Street’s goal is to create a single
platform for every asset class, in every country, and in any
currency. For more information, visit https://clearstreet.io.
Clear Street does not provide investment, legal, regulatory,
tax, or compliance advice. Consult professionals in these fields to
address your specific circumstances. These materials are: (i)
solely an overview of Clear Street’s products and services; (ii)
provided for informational purposes only; and (iii) subject to
change without notice or obligation to replace any information
contained therein.
Products and services are offered by Clear Street LLC as a
Broker Dealer member FINRA and SIPC and a Futures Commission
Merchant registered with the CFTC and member of NFA. Additional
information about Clear Street is available on FINRA BrokerCheck,
including its Customer Relationship Summary and NFA BASIC | NFA
(futures.org).
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Street and the Shield Logo are Registered Trademarks of Clear
Street LLC
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Ashley DeSimone press@clearstreet.io