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The chief executive of Chicago Board Options Exchange’s global markets resigned after failing to disclose a personal relationship with a colleague.

The exchange operator said in a statement on Tuesday that Edward Tilly, who has worked at Cboe for 35 years, “failed to disclose personal relationships with colleagues, which violated Cboe’s policies and was inconsistent with the company’s values.” In sharp contrast”.

Tilley resigned after the CBOE board and outside lawyers began an investigation last month.

CBOE board member Fredric Tomczyk will take over as CEO.

The CBOE announcement comes after BP Chief Executive Bernard Looney resigned over his failure to disclose the extent of past personal relationships.

This is a development story


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