Cboe Global Markets appoints Prashant Bhatia as head of strategy

CHICAGO - Cboe Global Markets, Inc. (Cboe:CBOE) has appointed Prashant Bhatia as Executive Vice President, Head of Enterprise Strategy & Corporate Development, effective September 2, 2025, according to a company statement released Monday.

In his new role, Bhatia will work with Cboe’s executive leadership team to develop and execute business strategy, focusing on growth opportunities for the derivatives and securities exchange network.

Bhatia brings over 30 years of experience in the financial services sector. He previously led Enterprise Strategy & Corporate Development at TD Ameritrade for 11 years and has been advising Cboe’s management team and board of directors since December 2023.

"Prashant will be a highly valued addition to our leadership team as he works with us to refine our strategy, optimize our business, and explore new growth opportunities for Cboe," said Craig Donohue, Chief Executive Officer of Cboe Global Markets.

Bhatia’s earlier career included working as an equity research analyst covering the financial services industry, with a focus on brokers and asset managers.

"I am pleased to join Cboe’s impressive leadership team and look forward to collaborating with them to explore new growth opportunities that position Cboe for continued success," Bhatia said in the press release.

Cboe Global Markets operates derivatives and securities exchanges across North America, Europe and Asia Pacific, offering trading solutions in multiple asset classes including equities, derivatives and FX.

In other recent news, Cboe Global Markets reported second-quarter 2025 earnings that exceeded analyst expectations, with an earnings per share (EPS) of $2.46 compared to the forecasted $2.44. The company’s revenue also surpassed projections, reaching $587.3 million against an anticipated $576.1 million. This strong financial performance was accompanied by a 14% year-over-year growth in both top and bottom lines, driven by a 17% increase in the Derivatives Markets and an 11% rise in both Data Vantage and Cash & Spot Markets. Additionally, Cboe Global Markets announced a 14% increase in its quarterly dividend, marking the 15th consecutive year of dividend growth. The dividend of $0.72 per share is payable on September 15, 2025, to stockholders of record as of August 29, 2025. In analyst updates, RBC Capital raised its price target for Cboe to $254, highlighting the DataVantage segment as a key growth driver. Oppenheimer also increased its price target to $265, maintaining an Outperform rating due to Cboe’s record net revenue results. These developments reflect the company’s robust performance and strategic growth initiatives.

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