Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator
of electronic marketplaces for rates, credit, equities and money
markets, today announced that Chairman Lee Olesky will retire from
its Board of Directors at the end of the second quarter of 2023.
Jacques Aigrain will succeed Mr. Olesky as Chairman, effective as
of July 1, 2023.
Mr. Olesky co-founded Tradeweb in 1996, and for more than three
decades he has been a central figure in the evolution of fixed
income electronic trading. He retired as CEO of Tradeweb in
December of 2022 after more than 20 years of leadership at the
company.
“Lee Olesky is a pioneer in electronic trading, and his
contributions to Tradeweb and markets more broadly have been
immense,” said Tradeweb CEO Billy Hult. “I am grateful to Lee for
his close collaboration and friendship over our many years working
together.”
“Tradeweb is always evolving, and it’s time for me to start the
next chapter of my life knowing that the company is in good hands,”
said Mr. Olesky. “The transition over the last year has been
excellent, and I am thankful to have worked with so many
world-class professionals on the management team, the Board of
Directors and across the company. I am incredibly proud of what we
have built, and especially grateful to Billy for being a terrific
partner over the years.”
Mr. Aigrain joined the Tradeweb Board in 2022 as an independent
director. He has more than 30 years of experience in the financial
services industry, including with Warburg Pincus LLP, LCH Clearnet
Group Ltd, Swiss Re and JPMorgan Chase & Co. He is or has been
a director of LyondellBasell NV, Clearwater Analytics, LSEG plc,
WPP plc, and Lufthansa Group AG. Mr. Aigrain is an economist by
training with a diploma from Pantheon Sorbonne University and Paris
Dauphine.
“I look forward to working more closely with Jacques, whose
unique perspective and deep understanding of management, market
operations, strategy and governance has been a valuable addition to
our board,” said Mr. Hult. “Tradeweb is a great business, and I
look forward to partnering with Jacques as the company continues to
grow and evolve.”
“Tradeweb is well-positioned to benefit from increasingly
digitized markets,” said Mr. Aigrain. “I am honored to succeed Lee
Olesky as Chairman at this unique moment, and I am delighted to
work more closely with this very talented management team.”
About Tradeweb Markets:
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator
of electronic marketplaces for rates, credit, equities and money
markets. Founded in 1996, Tradeweb provides access to markets, data
and analytics, electronic trading, straight-through-processing and
reporting for more than 40 products to clients in the
institutional, wholesale and retail markets. Advanced technologies
developed by Tradeweb enhance price discovery, order execution and
trade workflows while allowing for greater scale and helping to
reduce risks in client trading operations. Tradeweb serves
approximately 2,500 clients in more than 65 countries. On average,
Tradeweb facilitated more than $1.1 trillion in notional value
traded per day over the past four quarters. For more information,
please go to www.tradeweb.com.
Forward-Looking Statements:
This release contains forward-looking statements within the
meaning of the federal securities laws. Statements related to,
among other things, our outlook and future performance, the
industry and markets in which we operate, our expectations,
beliefs, plans, strategies, objectives, prospects and assumptions
and future events are forward-looking statements.
We have based these forward-looking statements on our current
expectations, assumptions, estimates and projections. While we
believe these expectations, assumptions, estimates and projections
are reasonable, such forward-looking statements are only
predictions and involve known and unknown risks and uncertainties,
many of which are beyond our control. These and other important
factors, including those discussed under the heading “Risk Factors”
in documents of Tradeweb Markets Inc. on file with or furnished to
the SEC, may cause our actual results, performance or achievements
to differ materially from those expressed or implied by these
forward-looking statements. In particular, preliminary average
variable fees per million dollars of volume traded are subject to
the completion of management’s final review and our other financial
closing procedures and therefore are subject to change. Given these
risks and uncertainties, you are cautioned not to place undue
reliance on such forward-looking statements. The forward-looking
statements contained in this release are not guarantees of future
performance and our actual results of operations, financial
condition or liquidity, and the development of the industry and
markets in which we operate, may differ materially from the
forward-looking statements contained in this release. In addition,
even if our results of operations, financial condition or
liquidity, and events in the industry and markets in which we
operate, are consistent with the forward-looking statements
contained in this release, they may not be predictive of results or
developments in future periods.
Any forward-looking statement that we make in this release
speaks only as of the date of such statement. Except as required by
law, we do not undertake any obligation to update or revise, or to
publicly announce any update or revision to, any of the
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20230515005294/en/
Media: Daniel Noonan, Tradeweb, +1 646 767 4677,
Daniel.Noonan@Tradeweb.com Investors: Ashley Serrao,
Tradeweb, +1 646 430 6027, Ashley.Serrao@Tradeweb.com Sameer
Murukutla, Tradeweb, +1 646 767 4864,
Sameer.Murukutla@Tradeweb.com
Tradeweb Markets (NASDAQ:TW)
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