Kourtney Gibson Elected to MarketAxess Board of Directors

Rhea-AI Summary

MarketAxess Holdings Inc. (MKTX) announced the election of Kourtney Gibson to its Board of Directors, effective July 16, 2020. Gibson, President of Loop Capital Markets, brings extensive experience in capital markets and operational improvement. She aims to enhance MarketAxess' growth strategy, leveraging her industry knowledge and client relationships. CEO Rick McVey highlighted Gibson's dynamic background as a significant asset for the company's future. Following her election, the board size increased to 13, adding to the expertise from recent board additions in 2019.

Positive

• Kourtney Gibson's addition enhances board diversity and expertise in capital markets.
• Her strong background in equity and fixed income may bolster MarketAxess' growth strategy.
• Gibson's extensive client relationships could lead to improved business opportunities.

Negative

• Concerns about continuity and experience gaps with the board's expansion.

NEW YORK, July 21, 2020 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for global fixed-income markets, today announced the election of Kourtney Gibson to its Board of Directors, effective July 16, 2020.

Ms. Gibson is President of Loop Capital Markets, one of the largest privately-held investment banking, brokerage and advisory firms headquartered in the U.S., which provides capital solutions for corporate, government and institutional clients. She started with Loop Capital in 1997 as an intern and rose to become head of both the firm’s equity and taxable fixed income divisions.  Ms. Gibson currently oversees brand-building efforts at Loop Capital, with a focus on growing and strengthening strategic client relationships across the firm’s business lines. In addition, Ms. Gibson identifies and pursues firm-wide opportunities for growth and operational improvement. She is a member of The Economic Club of Chicago and the Treasury Market Practices Group sponsored by the Federal Reserve Bank of New York. Ms. Gibson is also a CNBC TV contributor.

Rick McVey, Chairman and Chief Executive Office, said: “Kourtney’s breadth of experience will bring valuable perspectives on changes in the capital markets as we chart our growth strategy for the years ahead.  Given her dynamic background in both equity and fixed income markets, and her broad-based investor client relationships, she is an ideal addition to our board.  Kourtney is a respected voice in the industry and I am looking forward to working with her.”

Ms. Gibson said:  “MarketAxess stands out as one of the most successful growth companies in financial technology, delivering valuable innovations that have strengthened the efficiency and resilience of global fixed income markets.  I am excited to join Rick and the rest of the board at MarketAxess as they pursue the many opportunities still in front of the company in the years ahead.”

Ms. Gibson received a Masters in Business Administration from Northwestern University’s Kellogg School of Management and a Bachelor of Business Administration from the University of Miami.  Ms. Gibson sits on the board of trustees at the University of Miami, where she serves on the Executive Committee and Investment Committee, and Viterbo University, where she serves on the Finance Committee. She also serves on the board of the Dibia Dream Foundation and is Chairman of the board of the Chicago Scholars Foundation. MarketAxess increased the size of its Board to 13 directors to accommodate Ms. Gibson’s election, following the addition of Nancy Altobello, Richie Prager and Justin Gmelich to the board in 2019. 

About MarketAxess
MarketAxess operates a leading, institutional electronic trading platform delivering expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed-income markets. A global network of over 1,700 firms, including the world’s leading asset managers and institutional broker-dealers, leverages MarketAxess’ patented trading technology to efficiently trade bonds. MarketAxess’ award-winning Open Trading™ marketplace is regarded as the preferred all-to-all trading solution in the global credit markets, creating a unique liquidity pool for a broad range of credit market participants. Drawing on its deep data and analytical resources, MarketAxess provides automated trading solutions, market data products and a range of pre- and post-trade services.

MarketAxess is headquartered in New York and has offices in London, Amsterdam, Boston, Chicago, Los Angeles, Miami, Salt Lake City, San Francisco, São Paulo, Hong Kong and Singapore. For more information, please visit www.marketaxess.com.

Investor Relations Contact:
David Cresci
MarketAxess Holdings Inc.
+1-212-813-6027

Media Relations Contact:
Kyle White
MarketAxess Holdings Inc.
+1-212-813-6355

FAQ

Who is Kourtney Gibson and why was she elected to the Board of MarketAxess?

Kourtney Gibson is the President of Loop Capital Markets and was elected to the Board of MarketAxess for her extensive experience in capital markets, enhancing the board's expertise.

When did Kourtney Gibson's election to the MarketAxess board become effective?

Kourtney Gibson's election to the MarketAxess board became effective on July 16, 2020.

What impact might Kourtney Gibson's election have on MarketAxess?

Gibson's election could bring fresh perspectives and strategic insights, potentially boosting MarketAxess' growth in the fixed-income market.

How many members are on the MarketAxess Board of Directors after Gibson's election?

After Kourtney Gibson's election, the MarketAxess Board of Directors increased to 13 members.

What is MarketAxess?

MarketAxess operates an electronic trading platform for fixed-income securities and provides market data and post-trade services globally.