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 1,700 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 2019, the company posted record annual revenues of $511 million. MarketAxess has a market capitalization of approximately $18 billion as of September, 2020 and is an S&P 500 company.
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.
Mr. McVey was recently selected as an inaugural member of the SEC’s Fixed Income Market Structure Advisory Committee. The Committee’s will work closely with the SEC on the efficiency and resiliency of the fixed income markets and identify opportunities for regulatory improvements.
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.
Chris Concannon has been the President and Chief Operating Officer of MarketAxess since January 2019. In this role, Mr. Concannon oversees day-to-day operations, corporate development, long-term technology strategy and global data strategy for MarketAxess globally.
Mr. Concannon was most recently the President and Chief Operating Officer of Cboe Global Markets Inc, where he was responsible for Cboe’s transaction businesses, including Global Derivatives, U.S. and European Equities, and Global Foreign Exchange – as well as overseeing the company’s Technology, Operations, Risk, and Marketing divisions. Prior to his role at the Cboe, Mr. Concannon was the Chief Executive Officer of Bats Global Markets, where he led the company’s initial public offering in 2016, as well as its acquisition by the Cboe in February 2017.
Mr. Concannon has more than 20 years of experience as an executive at Nasdaq, Virtu Financial, Instinet and as an attorney at Morgan Lewis and Bockius and the Securities and Exchange Commission.
He holds a B.A. from Catholic University, an M.B.A. from St. John's University and a J.D. from Catholic University's Columbus School of Law.
Nancy Altobello was most recently Global Vice Chair, Talent of Ernst & Young (“EY”), a professional services firm, where she was responsible for EY’s talent and people strategy worldwide from July 2014 until her retirement in June 2018. Previously, Ms. Altobello held a number of senior positions at EY, including Americas Vice Chair, Talent from 2008 to 2014, Managing Partner, Northeast Region Audit and Advisory Practices from 2003 to 2008 and Managing Partner, North American Audit Practice from 1999 to 2003. Throughout this time, Ms. Altobello also served as an audit partner for a number of leading global organizations. She currently serves as a board member of MTS Systems Corporation and a trustee of the Fidelity Charitable board of trustees. Ms. Altobello received a B.S. in accounting from Fairfield 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 was the President of TRG Management L.P., the investment manager of the TRG Global Opportunity Master Fund, Ltd., from April 2010 to August 2012.
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 has been a member of the Board of Directors of the KLS Diversified Fund, the KS Rates Fund and the KLS Credit Opportunities Fund, all of which are fixed income hedge funds, since July 2012. Mr. Casper is Vice-Chairman of the Board of Directors of GMO LLC, a global investment management firm providing clients with asset management solutions and services, since May 2014. 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, from which 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.
Jane Chwick has been Co-CEO of Trewtec, Inc., a technology advisory firm designed to help board members and CEOs evaluate the technology function in their companies, since September 2014. Prior to this, she was a Partner and Co-Chief Operating Officer of the Technology Division of Goldman Sachs Group, Inc. where she was responsible for financial and business planning, technical strategy and ongoing management of an 8,000-person organization until her retirement in April 2013. During her 30 year career at Goldman Sachs, Ms. Chwick held a number of senior positions, including Global Head of Technology of the Securities Division and Global Head of Derivatives Technology. During her tenure, she drove the design, build and integration of technology across all of Goldman Sachs’ derivatives businesses, including fixed income, commodities, currencies and equities.
Ms. Chwick is a member of the Board of Directors of Voya Financial, Inc. and also serves as a board member of the Queens College Foundation and of Girls Who Code.
Ms. Chwick received a B.A. in Mathematics from Queens College and an M.B.A. from St. Johns University with a concentration in MIS and Quantitative Analysis.
William F. Cruger was Vice Chairman of Investment Banking at JP Morgan and Co. where he was responsible for key client relationships on a global basis until his retirement in August 2013. 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 LabMorgan from 2000 to 2001. Prior to this, Mr. Cruger ran the firm’s investment banking practices in Japan from 1991 to 1996, Latin America from 1989 to 1991 and Emerging Asia from 1984 to 1988.
Mr. Cruger currently serves as a board member of People’s United Financial, Inc. and Virtu Financial, Inc., and has previously served on the boards of Archipelago, Credittrade and Capital IQ.
Mr. Cruger received a B.A. from Clark University and an M.B.A. from Columbia University.
Kourtney Gibson is the President of Loop Capital Markets. She oversees all brand-building efforts at Loop Capital, including the cultivation and enhancement of strategic client relationships across the firm’s various business lines. In addition, Ms. Gibson identifies and pursues firm-wide opportunities for growth and operational improvement. Ms. Gibson serves on Loop Capital’s Management and Fairness and Valuation Committees.
Ms. Gibson started with Loop Capital as an intern in 1997, the firm’s founding year. Across more than 20 years, Ms. Gibson has worked across multiple functions at Loop Capital including strategy, investment banking, sales and trading. In 2015, after a decade of running the firm’s equity division, she became responsible for heading the firm’s taxable fixed income division. Ms. Gibson was then named President in 2016.
Ms. Gibson 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 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.
She holds Series 7, 57, 24 and 63 FINRA registrations and is a CNBC Contributor providing insight, analysis and outlook on the markets.
Ms. Gibson received an M.B.A. from the Kellogg School of Management at Northwestern University and a B.B.A. from the University of Miami.
Justin Gmelich is a Partner and Global Head of Markets with King Street Capital Management, where he is also a member of the Investment Committee. Prior to this, Mr. Gmelich was the Global Chief Operating Officer for Fixed Income, Commodities, and Currencies (FICC) at Goldman Sachs. Before being named COO of FICC, Mr. Gmelich was Global Head of Credit at Goldman Sachs. Additionally, while at Goldman Sachs, he was a member of the Firm’s Management Committee, Firmwide Risk Committee, Securities Division Executive Committee, Securities Division Volcker Committee and the Global Recruiting Council. Earlier in his career, Mr. Gmelich worked as an associate trader at Chase and was a vice president at Salomon Brothers.
Mr. Gmelich serves as a trustee for Villanova University, where he chairs the Investment Committee, and serves on the boards of Teddy’s Fund and Trinity Hall. Mr. Gmelich received a B.S. in Finance from Villanova University, an M.S. in Accounting/Taxation from the University of Southern California and an M.B.A. in Finance from Columbia University.
Mr. Ketchum was Chief Executive Officer of the Financial Industry Regulatory Authority, Inc. (“FINRA”) from March 2009 to July 2016 and served as Chairman of FINRA’s Board of Governors from March 2009 to August 2016. Prior to joining FINRA, Mr. Ketchum held a range of senior regulatory positions in the financial industry over twenty years, including as Chief Executive Officer of NYSE Regulation, Inc., President of the NASDAQ OMX Group Inc., a predecessor of Nasdaq, Inc., President and Chief Operating Officer of the National Association of Securities Dealers Inc., a predecessor of FINRA, and Director of the Division of Market Regulation at the SEC. Mr. Ketchum was also the General Counsel of the Corporate and Investment Bank of Citigroup Inc. Mr. Ketchum currently serves on the board of directors of Greystone Managed Investments, Inc.
Mr. Ketchum received a B.A. from Tufts University and a J.D. from New York University Law School.
Emily Portney is the Chief Financial Officer for BNY Mellon. She is responsible for the controller, treasury, investor relations, strategic planning, corporate development and tax functions, as well as its leasing businesses. Prior to assuming the role of CFO, she led the global client management team for BNY Mellon’s Asset Servicing business in the U.S. and Latin America and oversaw BNY Mellon’s interest in the CIBC Mellon joint venture in Canada. Asset Servicing delivers investment administration, operational and technology solutions to alternative investment managers, asset managers, asset owners, insurance companies, banks and broker-dealers.
Ms. Portney was previously the Chief Financial Officer for Barclays International, where she helped to establish the non-ringfenced bank, and led a global organization spanning the Corporate and Investment Bank, the Private Bank, and the Cards and Payments businesses.
Ms. Portney joined Barclays from Visa where she was the CFO of North America. Prior to Visa, Ms. Portney spent 22 years at JP Morgan where she was the Global Head of Clearing and Collateral Management, a brokerage unit that provided agency execution, clearing, and collateral management services across derivatives and securities markets worldwide. Ms. Portney started with JP Morgan in 1993, and performed various roles over the course of her career, including the CFO of Equities and Prime Services.
In addition to serving on the Board of Directors for MarketAxess, Ms. Portney serves on the Board of Directors for The Depository Trust & Clearing Corporation (DTCC). She holds a Master of Business Administration from Columbia Business School and a bachelor’s degree from Duke University.
Richard Prager was a Senior Managing Director of BlackRock and served on the firm’s Global Executive Committee. In that role, he led the firm’s global trading, liquidity and securities lending teams and played a leadership role in managing BlackRock’s global investment platform for both active portfolios and the iShares ETF business. While at BlackRock, Mr. Prager also spearheaded several key initiatives to enhance risk management practices and improve investment performance. Before joining BlackRock in 2008, Mr. Prager worked for Bank of America as Global Head of Rates, Currencies and Commodities. He has also held senior roles at ING and Westpac earlier in his career. Following retirement from BlackRock in July 2019, Mr. Prager is currently a Senior Advisor at Tresata, a data analytics firm.
Mr. Prager received a B.S. from Duke University.
John Steinhardt has been Founder, 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.
Mr. Steinhardt 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.