Cboe Australia chief executive officer Vic Jokovic is set to retire at the end of March this year, according to an announcement released by the market operator on Wednesday morning.
He will be succeeded by Emma Quinn, who will assume the position of president, Cboe Australia, from her current role as global co-head of equity trading at AllianceBernstein.
Since joining in 2018, Cboe Australia said that Mr Jokovic had helped it achieve a number of key milestones, including overseeing its successful acquisition by Cboe Global Markets in 2021 and the integration of its technology platforms and corporate functions post-acquisition.
“On behalf of Cboe, I would like to thank Vic for his steadfast leadership over the past five years,” said David Howson, president of Cboe Global Markets.
“During his tenure, Vic helped Cboe Australia solidify its position as one of the world’s most innovative market operators by maintaining its focus on best-in-class technology, product innovation, and client service, while guiding the company onward to its next phase of growth.”
Mr Jokovic, who has over 30 years of experience in Australian equities, derivatives, and debt markets, will remain in an advisory role to help ensure a seamless leadership transition. He will continue in his board roles with Cboe Australia and other members of the Cboe group.
“It has been a privilege to serve as CEO during Cboe Australia’s period of transformation and I would like to thank our exceptionally talented team, whose hard work and dedication helped to build our business into one of the largest exchanges in Asia-Pacific,” he said.
“When our planned major technology integration is completed, Cboe Australia will be positioned to realise the benefits of Cboe’s global network and resources, and I couldn’t be more excited for the future of this company as Emma takes the helm.”
Prior to serving as global co-head of equity trading, Ms Quinn held the roles of head of Asia-Pacific trading, head of Asia-Pacific fixed income and Australia equities trading, and head of trading for Australia and New Zealand at AllianceBernstein. Before joining the firm in 2001, she worked as an equity trader at AMP Henderson Global Investors.
“It is an honour to be appointed Cboe Australia’s president at such a pivotal time in the company’s growth journey,” Ms Quinn said on her appointment.
“Cboe Australia has firmly established itself as an integral piece of the country’s financial ecosystem, bringing innovation and market competition to benefit Australian markets and investors. I look forward to building on Vic’s legacy and working closely with the Cboe Australia team to continue executing on the many exciting growth initiatives ahead of us.”
Mr Jokovic’s retirement will be effective as of 31 March, while Ms Quinn’s appointment will be effective as of 27 March.
“Emma is a proven leader with significant experience in global capital markets, and I am confident she will continue to build on the foundation laid by Vic and take Cboe Australia to even greater heights,” commented Mr Howson.