CBOE Holdings has appointed Alexandra M Albright in the newly created role of Chief Compliance Officer (CCO) for its affiliated exchanges – the Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2), CBOE Futures Exchange (CFE) and CBOE Stock Exchange (CBSX).
Albright, who will assume the CCO position on April 23, will report to President and COO Edward T. Tilly and to the regulatory oversight committees of the exchanges.
Albright's broad responsibilities include establishing, implementing and maintaining policies and procedures that apply to the affiliated exchanges' self-regulatory organization obligations, and ensuring that exchange operations comply with both the exchanges' rules and policies and with SEC and CFTC regulations and laws. Her other responsibilities include educating exchange employees about compliance-related issues.
CBOE's Regulatory Services Division will continue to oversee compliance by exchange Trading Permit Holders with regulatory obligations.
"We are pleased to have Alexandra at the helm of our compliance efforts,” says Chairman and CEO William J Brodsky. “Her in-depth knowledge of securities markets and her legal experience in both market regulation and the corporate sector will be invaluable in assuring that our exchanges fulfil their obligations as self-regulatory organisations.”
Albright served from 2007 to present as an attorney for Kirkland & Ellis LLP in Chicago, most recently concentrating on compliance, litigation and corporate finance matters.
From 2001 to 2006, she served in senior legal positions with the Securities and Exchange Commission (SEC) in Washington, DC: Senior Counsel for the Division of Enforcement, Office of Market Surveillance, from 2005 to 2006; Special Counsel for the Division of Trading & Markets, Office of Trading Practices, from 2003 to 2005; and Attorney Advisor for the Division of Trading & Markets, Office of Municipal Securities, from 2001 to 2003.
Albright holds a BA in philosophy from Tulane University, a JD from University of Denver College of Law, and an LLM, with honours, in Financial Services Law, from Chicago-Kent College of Law