Rick McVey to Retire from MarketAxess
MarketAxess Holdings (Nasdaq: MKTX) announced that Founder and Executive Chairman Rick McVey will retire at the end of the year, with Carlos Hernandez succeeding as Chairman effective January 1, 2025. McVey, who founded MarketAxess in 2000 and stepped down as CEO in April 2023, will remain as Chairman of MarketAxess , the company's international holding company. Hernandez, who previously served as a Director from 2006 to 2019 and rejoined in September 2023, retired from JPMorgan in April 2023 after 37 years, where he was Executive Chair of Investment and Corporate Banking.
MarketAxess Holdings (Nasdaq: MKTX) ha annunciato che il Fondatore e Presidente Esecutivo Rick McVey si ritirerà alla fine dell'anno, con Carlos Hernandez che succederà come Presidente a partire dal 1 gennaio 2025. McVey, che ha fondato MarketAxess nel 2000 e si è dimesso da CEO nell'aprile del 2023, rimarrà Presidente di MarketAxess, la holding internazionale dell'azienda. Hernandez, che ha precedentemente ricoperto il ruolo di Direttore dal 2006 al 2019 e è tornato a settembre 2023, si è ritirato da JPMorgan nell'aprile del 2023 dopo 37 anni, dove era Presidente Esecutivo della Divisione Investment e Corporate Banking.
MarketAxess Holdings (Nasdaq: MKTX) anunció que el Fundador y Presidente Ejecutivo Rick McVey se retirará a finales de año, siendo Carlos Hernandez su sucesor como Presidente a partir del 1 de enero de 2025. McVey, quien fundó MarketAxess en 2000 y renunció como CEO en abril de 2023, continuará como Presidente de MarketAxess, la empresa matriz internacional. Hernández, que anteriormente se desempeñó como Director desde 2006 hasta 2019 y se reincorporó en septiembre de 2023, se retiró de JPMorgan en abril de 2023 después de 37 años, donde fue Presidente Ejecutivo de Banca de Inversión y Corporativa.
MarketAxess Holdings (Nasdaq: MKTX)는 창립자이자 회장인 Rick McVey가 연말에 퇴임하고, Carlos Hernandez가 2025년 1월 1일부터 회장직을 승계할 것이라고 발표했습니다. McVey는 2000년 MarketAxess를 설립하고 2023년 4월 CEO직에서 물러났으며, 회사의 국제 모회사인 MarketAxess의 회장직은 유지합니다. Hernandez는 2006년부터 2019년까지 이사로 재직한 후 2023년 9월에 복귀하였으며, 37년간 재직하던 JPMorgan에서 2023년 4월에 퇴직하였고, 그곳에서 투자 및 기업 은행 부문의 회장직을 맡고 있었습니다.
MarketAxess Holdings (Nasdaq: MKTX) a annoncé que le fondateur et président exécutif Rick McVey prendra sa retraite à la fin de l'année, avec Carlos Hernandez qui lui succédera en tant que président à partir du 1er janvier 2025. McVey, qui a fondé MarketAxess en 2000 et a démissionné en tant que PDG en avril 2023, restera président de MarketAxess, la société holding internationale de l'entreprise. Hernandez, qui a précédemment été directeur de 2006 à 2019 et est revenu en septembre 2023, a pris sa retraite de JPMorgan en avril 2023 après 37 ans, où il était président exécutif de la banque d'investissement et des entreprises.
MarketAxess Holdings (Nasdaq: MKTX) gab bekannt, dass der Gründer und Vorstandsvorsitzende Rick McVey zum Jahresende zurücktritt, und Carlos Hernandez am 1. Januar 2025 die Nachfolge als Vorsitzender antreten wird. McVey, der MarketAxess im Jahr 2000 gründete und im April 2023 als CEO zurücktrat, wird weiterhin als Vorsitzender von MarketAxess, der internationalen Holdinggesellschaft des Unternehmens, fungieren. Hernandez, der zuvor von 2006 bis 2019 als Direktor tätig war und im September 2023 zurückkehrte, trat im April 2023 nach 37 Jahren bei JPMorgan in den Ruhestand, wo er als Executive Chair für Investment- und Firmenkundengeschäfte tätig war.
- None.
- None.
Insights
This leadership transition marks a significant milestone for MarketAxess, with founder Rick McVey stepping back after transforming fixed-income trading. The appointment of Carlos Hernandez, with his extensive 37-year JPMorgan experience, brings valuable institutional knowledge and client relationships to the chairman role. His previous board tenure (2006-2019) and recent return suggest strong continuity in governance.
The strategic decision to retain McVey as chairman of MarketAxess indicates a balanced approach to international expansion while maintaining foundational leadership. This structured transition, combined with CEO Chris Concannon's operational leadership since April 2023, positions the company well for its next growth phase in the $100+ trillion fixed-income market.
Carlos Hernandez Elected As Next Chairman
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241106577378/en/
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
Source: MarketAxess Holdings Inc.
FAQ
When will Rick McVey retire from MarketAxess (MKTX)?
Who will be the new Chairman of MarketAxess (MKTX)?
What role will Rick McVey maintain at MarketAxess (MKTX) after retirement?
When did Rick McVey step down as CEO of MarketAxess (MKTX)?
