It is with sincere sadness that we report that Duke Chapman, former Chairman and CEO
of the CBOE from 1987 to 1997, died yesterday at the age of 81 in Little Rock, Arkansas.
Duke joined CBOE in October 1986 — just one year before the 1987 stock market crash —
and provided leadership during this period and some challenging years to come in the
options industry. He is probably best known for driving initiatives that would serve as a
foundation for our company’s future growth: the development of new, innovative options
products and state-of-the-art trading systems, and the expansion of investor education.
From a more personal standpoint, many CBOE members will remember Duke from his
frequent visits to the trading floor or from joining him in the members’ cafeteria for lunch.
These were activities he relished.
Duke had an illustrious career in the securities industries for over 50 years. After graduating
from Williams College and Columbia Law School, he worked for the SEC and then the NYSE.
As CEO of Shearson he was involved in the merger into Hayden-Stone. After leaving the CBOE
he became CEO of ABN Amro until he retired in 2004.
CBOE Information Circular #IC 13-017 has information about his survivors, including his wife
Beatrice Bishop Chapman; two sisters, four sons and five grandchildren.
At Duke’s request, no services will be held. In lieu of flowers, the family requests that
memorial contributions be made to the Wounded Warrior Project.