CBOE Holdings has promoted Andy Lowenthal (pictured) from Vice President to Senior Vice President, Business Development. Lowenthal’s promotion comes as part of a reorganisation designed to better leverage the company’s business development efforts across its expanding line of futures and options products and services.

Lowenthal’s responsibilities have been expanded to include the business development functions of the CBOE Futures Exchange (CFE), home of futures on the CBOE Volatility Index (VIX Index) and an array of related products. He also will oversee business development for Livevol, a leading provider of equity and index options technology and market data services. CBOE’s acquisition of Livevol’s market data services and trading analytics platforms is expected to close at the end of July.
 
In addition, Lowenthal will lead CBOE’s newly created Global Client Services group, which was structured to better serve CBOE’s growing international client base and is focused on account management across all channels. He will continue to direct CBOE’s Business Analysis and Institutional and International Business Development groups.
 
Lowenthal began his career with CBOE in 1983, serving in Trading Operation, Regulatory Services, Strategic Planning and Business Development Division roles.
 
He attended the University of Michigan and holds a BS in Business and an MBA in Operations Planning from DePaul University. He also attended the Securities Industry Institute at The Wharton School at the University of Pennsylvania.
 
Lowenthal is the Immediate Past President of the board of directors of Renaissance Social Services, a non-profit group that offers support programs for affordable housing, and serves on the Children of the Survivors Committee for the United States Holocaust Memorial Museum.