Boss of Cboe exchange resigns over undisclosed relationships with colleagues


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The chief executive of Cboe Global Markets has resigned after failing to disclose personal relationships with colleagues.

Edward Tilly, who has been at Cboe for 35 years, “did not disclose personal relationships with colleagues, which violated Cboe’s policies and stands in stark contrast to the company’s values”, the exchange operator said in a statement on Tuesday.

Tilly’s resignation came after an investigation by Cboe’s board and external lawyers, which began last month.

Cboe board member Fredric Tomczyk will take over as chief executive.

Cboe’s announcement comes after BP chief executive Bernard Looney resigned over his own failure to disclose the extent of past personal internal relationships.

This is a developing story

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