Ed Tilly, previously with Cboe Global Markets, is set to join Clear Street, a booming brokerage-services provider, as its President from July 22. His main duties will be expansion of the company’s local and global brokerage services, corporate supervision, and guaranteeing operational efficacy.
Tilly, who left Cboe amidst an investigation into undisclosed personal relationships with workmates, will be reporting directly to the Clear Street’s board. His new position allows direct interaction with different departments and close collaboration with the company’s leaders.
Clear Street strategically recruits seasoned personnel, with Tilly joining an impressive lineup. One that features the likes of Steve Bisgay, ex-CFO of Cantor Fitzgerald, and Atul Pawar, of Goldman Sachs Group, as financial chief and risk officer, respectively. Therefore reinforcing its dedication to accrue a skilled team that impacts the financial sector.
Chris Pento, CEO of Clear Street, commended Tilly’s experience. Tilly had facilitated Cboe’s growth into global markets and electronic trading.
Ed Tilly Spearheading Clear Street’s Expansion
“His vast network and keen insight have greatly amplified our company’s global footprint,” Pento said. He also credited Tilly’s leadership in increasing the company’s stock value and market share significantly.
Clear Street offers a broad range of services, including securities financing, lending, and trade execution. Its ambition is to modernize traditional capital market systems with an efficient principal brokerage platform. They raised $685 million in funding in December, facilitating ongoing innovation. The expansion into different market sectors, such as trading stocks and future markets, emphasizes their commitment to a user-friendly platform that attracts new business.
Clear Street plans to expand its operations to Europe and Asia, expecting to attract more top-line professionals. Their diverse client base includes asset managers, hedge funds, and family offices managing assets ranging from $50 million to a staggering $50 billion.
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