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The chief govt of Cboe Global Markets has resigned after failing to reveal private relationships with colleagues.

Edward Tilly, who has been at Cboe for 35 years, “did not disclose personal relationships with colleagues, which violated Cboe’s policies and stands in stark contrast to the company’s values”, the alternate operator mentioned in an announcement on Tuesday.

Tilly’s resignation got here after an investigation by Cboe’s board and exterior legal professionals, which started final month.

Cboe board member Fredric Tomczyk will take over as chief govt.

Cboe’s announcement comes after BP chief govt Bernard Looney resigned over his personal failure to reveal the extent of previous private inner relationships.

This is a growing story