Board of Directors
Richard M. McVey founded MarketAxess in April 2000 and has been Chairman and Chief Executive Officer since the firm's inception. Under his leadership, MarketAxess has emerged as the leading electronic platform for corporate bonds, creating an efficient and competitive marketplace for over 1,000 global institutional investors and broker-dealer firms to trade a broad range of credit products. Mr. McVey led the company's initial public offering in November 2004 and in 2015 the company had revenues of over $303 million, and a market capitalization of over $5 billion.
MarketAxess has introduced multiple innovations in trading technology to increase the transparency and liquidity of global credit markets. The company has developed a range of new and innovative trading tools to connect bond buyers and sellers, including investor-to-multi-dealer and all-to-all electronic trading solutions. MarketAxess has been awarded 13 patents for trading technology.
Mr. McVey began his career in the futures industry and joined J.P. Morgan & Co. in 1992. From 1992 to 1996, Mr. McVey was managing director and head of J.P. Morgan's North American futures and options business, and in 1996, he was chosen to be J.P. Morgan's head of North American fixed income sales and investor client relations. Mr. McVey previously served on the board of directors of Blue Mountain Credit Alternatives L.P. and now serves on the board of directors for the Miami University Foundation and the Colby College Board of Trustees.
In 2012 Mr. McVey was Ernst & Young's "National Entrepreneur Of The Year" for financial services and has also been named to Institutional Investor's "Tech 50" nine times.
Mr. McVey received a B.A. in Finance from Miami (Ohio) University and an M.B.A. from Indiana University.
Steven L. Begleiter has been a Senior Principal at Flexpoint Ford, LLC, a private equity group focused on investments in financial services and healthcare, since October 2008. Prior to joining Flexpoint Ford, Mr. Begleiter spent 24 years at Bear Stearns & Co., serving first as an investment banker in the Financial Institutions Group and then as Senior Managing Director and member of its Management and Compensation Committee from 2002 to September 2008. Mr. Begleiter also served as head of Bear Stearns’ Corporate Strategy Group. Mr. Begleiter currently serves on the board of directors of WisdomTree Investments, Inc. Mr. Begleiter received a B.A. in economics from Haverford College.
Stephen P. Casper is the President of The Rohatyn Group, a position he has held since April 2010. From September 2008 to April 2010, Mr. Casper was a partner of Vastardis Capital Services, which provides fund administration and securities processing outsourcing services to hedge funds, funds of funds and private equity funds and their investment management sponsors. Prior to this, Mr. Casper was Chairman and Chief Executive Officer of Charter Atlantic Corporation, the holding company of Fischer Francis Trees & Watts, Inc. (“ FFTW ”), a specialist manager of U.S., global and international fixed income portfolios for institutional clients, and Malbec Partners, a manager of single-strategy hedge funds. From April 2004 to January 2008, Mr. Casper was the President and CEO of FFTW. Mr. Casper joined FFTW as Chief Financial Officer in 1990 and was appointed Chief Operating Officer in May 2001. From 1984 until 1990, Mr. Casper was Treasurer of the Rockefeller Family Office. Mr. Casper is a member of the Investment Committee of the Brooklyn Museum. Mr. Casper is a Certified Public Accountant and received a B.B.A. in accounting from Baruch College, where he graduated magna cum laude , Beta Gamma Sigma , and an M.S. in finance and accounting from The Wharton School at the University of Pennsylvania.
Mr. Casper’s experience as a chief executive officer, chief financial officer and in other financial reporting and accounting roles brings extensive public accounting, financial reporting, risk management and leadership skills to the Board. Mr. Casper also possesses fixed income and financial services industry experience.
Ms. Jane Chwick spent over 30 years at Goldman Sachs, most recently as a Partner and Co-Chief Operating Officer of Technology, and remains an advisory director of the firm. Ms. Chwick joined Goldman Sachs in 1983 as a Programmer for Funding Technologies. During her time with the firm Ms. Chwick held a range of senior positions within the firm’s technology groups including Global Head of Technology for Fixed Income Currencies and Commodities from 2004 - 2010 and Global Head of Technology for the Securities Division from 2010 - 2012.
Ms. Chwick graduated from Queens College with a major in mathematics and holds an MBA from St. Johns University. She is on the Board of Trustees of the Queens College Foundation and is partnering with the International Institute of Education in the WeTech initiative which supports the advancement of women and girls in technology.
Mr. William Cruger was most recently Vice Chairman of Investment Banking at JP Morgan and Co. where he was responsible for key client relationships on a global basis. Previously Mr. Cruger held a number of senior positions at JP Morgan, including Managing Director in the Financial Institutions group from 1996 to 2011. During this time he oversaw the rationalization of the firm’s private equity investments in trading platforms and related ventures at Lab Morgan from 2000-2001. Prior to this, Mr. Cruger ran the firm’s investment banking practices in Japan from 1991-1996, Latin America from 1989-1991 and Emerging Asia from 1984-1988.
Mr. Cruger has previously served on the boards of Archipelago, Credittrade and Capital IQ. He has an MBA from Columbia University and a BA from Clark University.
David G. Gomach is currently retired. Mr. Gomach was the Chief Financial Officer and Treasurer of School Specialty, Inc. from September 2006 through June 2007, having joined as Executive Vice President - Finance in August 2006. Prior to School Specialty, Mr. Gomach held various positions at the Chicago Mercantile Exchange (CME) from 1987 to 2004. From June 1997 until his retirement from the CME in November 2004, he served as Chief Financial Officer. From 1996 until 1997, Mr. Gomach served as Vice President, Internal Audit and Administration. Also, during his tenure at the CME, he was a Senior Director and Assistant Controller. Prior to joining the CME, Mr. Gomach held positions at Perkin-Elmer, Singer Corporation and Mercury Marine, a subsidiary of Brunswick Corporation. Mr. Gomach is a Certified Public Accountant and received a B.S. from the University of Wisconsin-LaCrosse and an M.B.A. from Roosevelt University.
Mr. Gomach’s experience as a Chief Financial Officer, and his roles in accounting, auditing and internal audit, bring extensive public accounting, financial reporting and risk management experience to the Board.
Carlos M. Hernandez has been the Head of Global Equities for JPMorgan since September 2006. Mr. Hernandez has been with JPMorgan since 1986, working on a wide array of advisory and financing transactions for both corporations and governments, across various product groups and geographic regions. Prior to his current position, Mr. Hernandez spearheaded all forms of capital raising and distribution in the fixed income, syndicated loans and equity markets. Previously, Mr. Hernandez managed the Institutional Equities business for the Americas. Before joining the Equities Division, Mr. Hernandez served as JPMorgan’s regional executive for Latin America. Mr. Hernandez is a member of JPMorgan’s Global Investment Banking Management Committee.
Mr. Hernandez has many years of experience in the financial services and securities industries, and provides financial markets, mergers and acquisitions, and international business expertise gained through his senior leadership role at a global financial institution.
Ronald M. Hersch was a Senior Managing Director at Bear Stearns and Co. Inc. from June 1992 until his retirement in April 2007. Mr. Hersch was responsible for directing the firm’s futures business as well as coordinating eCommerce activities and initiatives within the Fixed Income Division. Mr. Hersch is a former Chairman of the Futures Industry Association. He has previously served on the board of directors of Bond Desk Group, LLC, the Chicago Board of Trade, and the National Futures Association, the self-regulatory organization responsible for futures industry oversight. Mr. Hersch received a B.A. from Long Island University.
Mr. Hersch has a broad range of leadership experience in the financial services industry and fixed income markets at large institutions and industry associations, including, among other things, experience with the regulatory and legislative process.
John Steinhardt is the founder, and has been the Managing Partner, Co-Chief Executive Officer and Co-Chief Investment Officer, of KLS Diversified Asset Management since July 2007. From July 2006 until July 2007, Mr. Steinhardt managed a private investment portfolio. Mr. Steinhardt was the founder, Chief Executive Officer and Chief Investment Officer of Spectrum Investment Group from January 2005 to July 2006. Until October 2004, Mr. Steinhardt was Head of North American Credit Markets for JPMorgan Chase & Co. and a member of the Management Committee of the Investment Banking Division of JPMorgan Chase & Co. Prior to the merger of J.P. Morgan & Co. and the Chase Manhattan Bank, Mr. Steinhardt was the Head of U.S. Securities at Chase Securities Inc. and a member of the Management Committee from 1996 to 2000. He currently serves on the board of directors of the 92nd Street Y and the board of trustees of the Central Park Conservancy. Mr. Steinhardt received a B.S. in Economics from St. Lawrence University and an M.B.A from Columbia University.
Mr. Steinhardt brings substantial leadership experience as the founder and co-chief executive officer of an investment firm. Mr. Steinhardt also has substantial experience in, and a deep knowledge and understanding of, financial markets and the financial services industry.
James J. Sullivan is Senior Managing Director and Head of Fixed Income at Prudential Investment Management (PIM), a position he has held since 1999. Prudential Fixed Income is a global investment management firm which, as of December 31, 2011, has $335 billion in assets under management, over 190 investment professionals in the U.S., Europe and Asia, and more than 325 institutional clients in 20 countries. Mr. Sullivan is responsible for all investment management, operations, and business development efforts. He joined Prudential in 1981 and has extensive experience in managing fixed income bond portfolios for insurance, pension, and mutual fund clients. He is a member of PIM’s Investment Committee, PIM’s Ethics Committee, and Chairman of Prudential Trust Company. He is also the President of the Board for Good Shepherd Services, a leading youth development, education, and family service agency in New York. Mr. Sullivan received both a BA and an MBA from Iona College.