New York-based financial infrastructure firm Clear Street said on Monday that CEO Ed Tilly will retire from his executive role next month. Founder and Executive Chairman Uri Cohen will transition into the chief executive post on June 1, 2026.
Tilly will remain on the Clear Street Board of Directors and continue in an advisory capacity focused on the company’s international relations and expansion.
Clear Street hired Tilly as president in July 2024 after his departure from Cboe Global Markets, where he had served as CEO for a decade. He subsequently took over as Clear Street’s chief executive.
“When he took over executive leadership, his mandate was to institutionalize operations and take the company into our next growth cycle,” Cohen said. “Clear Street crossed the $1.0 billion revenue threshold, expanded globally across North America, Europe, and Asia, and substantially increased our product offerings.”
Cohen, who previously held a co-CEO role at the company, said the timing of his return coincides with the beta launch of an AI-driven active trading application. Clear Street launched its trading platform for sophisticated individual investors on iOS, Android and web on May 14.
The leadership change comes after a busy stretch for the company. Clear Street filed for an IPO in January 2026 with plans to list on Nasdaq, but withdrew the registration in February, citing market conditions. In March, it expanded into U.S. spot digital asset execution through Clear Street Digital LLC.
