John Maggiacomo Joins MarketAxess as Head of North America Client Sales
MarketAxess (Nasdaq: MKTX) has appointed John Maggiacomo as Head of North America Client Sales. In this new role, Maggiacomo will lead sales efforts to expand MarketAxess's institutional client base across all product areas. Kevin McPherson, Chief Revenue Officer, emphasized Maggiacomo's extensive fixed income sales experience and strong industry relationships. Previously, Maggiacomo was Head of US Credit Sales at Royal Bank of Canada, focusing on leveraged finance. He has also held senior roles at Bank of America Merrill Lynch. His appointment aims to enhance trading efficiency and offer innovative solutions in a rapidly changing market.
- John Maggiacomo brings extensive fixed income sales experience to MarketAxess.
- Maggiacomo has strong industry relationships, potentially benefiting MarketAxess.
- His past roles at RBC and Bank of America Merrill Lynch highlight his expertise.
- Appointment aims to expand MarketAxess's institutional client footprint.
- Focus on leveraging finance could drive growth in MarketAxess's secondary credit business.
- Maggiacomo's leadership may enhance trading efficiency and offer innovative solutions.
- The announcement lacks specific financial or business metrics for immediate impact assessment.
- Appointment alone may not guarantee immediate or substantial growth in revenue.
In this newly created role, Mr. Maggiacomo will be responsible for sales leadership for the North America Client Sales business, focusing on expanding and deepening the institutional client footprint across all MarketAxess product areas.
Kevin McPherson, Chief Revenue Officer of MarketAxess, commented, “John brings with him extensive fixed income sales experience and strong industry relationships. I am confident that his deep fixed income product knowledge, including his High Yield expertise, strategic vision and leadership will contribute significantly to our success in the region.”
Mr. Maggiacomo most recently served as Head of US Credit Sales at Royal Bank of Canada (RBC). During his time there, he played a strategic role in growing the secondary credit businesses with a dedicated focus on leveraged finance. Prior to joining RBC, Mr. Maggiacomo spent much of his career at Bank of America Merrill Lynch, where he was Managing Director, Credit Sales.
“MarketAxess is a force in fixed income trading, driving meaningful improvements in trading efficiency and expanding trading opportunities for dealers and investors. In today's rapidly evolving environment of increased electronification and regulation, the opportunity to deliver innovative solutions and differentiated insights to our clients is tremendously exciting. We are eager to continue redefining the playing field, providing a distinct competitive edge to our clients,” said Mr. Maggiacomo.
Mr. Maggiacomo is based in
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. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240516428453/en/
INVESTOR RELATIONS
Stephen Davidson
MarketAxess Holdings Inc.
+1 212 813 6313
sdavidson2@marketaxess.com
MEDIA RELATIONS
Marisha Mistry
MarketAxess Holdings Inc.
+1 917 267 1232
mmistry@marketaxess.com
Source: MarketAxess Holdings Inc.
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