Rick McVey to Retire from MarketAxess
06 Novembro 2024 - 8:30AM
Business Wire
Carlos Hernandez Elected As Next
Chairman
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a
leading electronic trading platform for fixed-income securities,
today announced that Founder and Executive Chairman Rick McVey will
retire at the end of the year. Carlos Hernandez will succeed Mr.
McVey as Chairman of the Board of Directors, effective January 1,
2025. Mr. McVey has agreed to remain as the Chairman of the Board
of Directors of MarketAxess Limited, the Company’s international
holding company.
Mr. McVey founded MarketAxess in 2000 and is a visionary in the
evolution of fixed income market structure. Under his leadership,
the company grew to become a global, S&P 500 company that has
transformed the way the world’s largest capital market operates
worldwide. Mr. McVey stepped down as CEO of MarketAxess in April
2023 after 23 years in that role, and has since been serving as
Executive Chairman of the Board.
“Rick’s bold vision for the company nearly 25 years ago not only
revolutionized trading forever, but also created an outstanding
organization in the process,” said Chris Concannon, CEO of
MarketAxess. “I’d like to congratulate Rick on an incredible
accomplishment and thank him for the opportunity to lead the
company as we continue to transform global markets.”
"The last quarter century has been an incredible journey, and it
was an honor to lead this organization from a startup to a position
of global leadership. None of this could have been possible without
the skill and dedication of our management team, employees, and
board of directors,” said Mr. McVey. “Most importantly, I am
grateful for the tremendous support we enjoy from our dealer and
investor clients around the world. The future of MarketAxess is
bright and I am confident under Chris' leadership we will continue
our track record of innovation and growth to create lasting
improvements for global fixed income markets. I look forward to my
continued involvement on the Board of MarketAxess Limited as we
continue to expand our reach in international financial
markets."
Mr. Hernandez previously served as a Director from 2006 to 2019
and rejoined the MarketAxess Board in September 2023. Mr.
Hernandez, who is designated as an independent Director, currently
serves as the Chair of the Board’s Compensation and Talent
Committee. Mr. Hernandez retired from JPMorgan in April 2023 after
37 years of service. Prior to his retirement, Mr. Hernandez was
Executive Chair of Investment and Corporate Banking at JPMorgan and
served as a Member of the Operating Committee and a Member of the
Corporate & Investment Bank Management Team.
“Having watched firsthand this incredible company that Rick
McVey built, consistently challenge norms, break records and set
new standards for fixed-income electronification for over two
decades—I am incredibly honored to succeed him as Chairman,” said
Mr. Hernandez. “I look forward to working closely with Chris
Concannon and our seasoned management team during this next phase
of MarketAxess as we find new ways to make one of the world’s
leading fixed income marketplaces even better.”
About MarketAxess
MarketAxess (Nasdaq: MKTX) operates a leading electronic trading
platform that delivers greater trading efficiency, a diversified
pool of liquidity and significant cost savings to institutional
investors and broker-dealers across the global fixed-income
markets. Over 2,000 firms leverage MarketAxess’ patented technology
to efficiently trade fixed-income securities. Our automated and
algorithmic trading solutions, combined with our integrated and
actionable data offerings, help our clients make faster,
better-informed decisions on when and how to trade on our platform.
MarketAxess’ award-winning Open Trading® marketplace is widely
regarded as the preferred all-to-all trading solution in the global
credit markets. Founded in 2000, MarketAxess connects a robust
network of market participants through an advanced full trading
lifecycle solution that includes automated trading solutions,
intelligent data and index products and a range of post-trade
services. Learn more at www.marketaxess.com and on X
@MarketAxess.
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INVESTOR RELATIONS Stephen Davidson MarketAxess
Holdings Inc. +1 212 813 6313 sdavidson2@marketaxess.com
MEDIA RELATIONS Mary Sedarat MarketAxess Holdings
Inc. +1 212 813 6226 msedarat@marketaxess.com
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