MarketAxess Appoints James Sullivan to Board of Directors
NEW YORK--(BUSINESS WIRE)--Mar. 14, 2012--
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading
electronic trading platform for U.S. and European high-grade corporate
bonds, emerging markets bonds and other types of fixed-income
securities, today announced that it has appointed
James J. Sullivan to
its Board of Directors.
Mr. Sullivan is Senior Managing Director and Head of Prudential Fixed
Income, a position he has held since 1999. In this role Mr. Sullivan is
responsible for all aspects of Prudential Fixed Income’s business,
including portfolio management and trading, credit research, and
quantitative research and risk management, in addition to finance,
marketing, and global business development. Prudential Fixed Income is
the primary organization within Prudential Financial responsible for
managing public fixed income assets. He is also a member of the
Prudential Investment Management Investment Committee, chairman of the
Prudential Investment Management Ethics Committee, and chairman of
Prudential Trust Company. Mr. Sullivan has been a member of Good
Shepherd Services since 1997 and is currently President of the Board.
Rick McVey, MarketAxess Chief Executive Officer and Chairman of the
Board, said: “Jim has a distinguished track record as a leader in the
fixed income markets and an extensive network of industry contacts.
Given his deep understanding of market structure dynamics for investors
and dealers, Jim will be able to provide valuable insights into how
MarketAxess can continue to deliver critical solutions for its investor
and dealer clients as new regulations create significant changes in the
industry.”
Mr. Sullivan added: “This is a time of major change in the global
financial markets, but also a period of great opportunity. Working
together, the industry can develop new and creative solutions promoting
liquidity and efficiency in the fixed income markets. MarketAxess is a
market leader in electronic fixed income trading, and all trends
indicate that electronic trading will grow to be an ever more important
part of the business. I’m very pleased to join Rick and the rest of the
directors at this exciting time to help shape MarketAxess’ strategy in
the years ahead.”
About MarketAxess
MarketAxess operates a leading electronic trading platform that enables
investment industry professionals to efficiently trade corporate bonds
and other types of fixed-income instruments. MarketAxess’ patented
trading technology allows institutional investor clients to request
competitive, executable bids or offers from multiple broker-dealers
simultaneously, and to execute trades with the broker-dealer of their
choice. Over 850 institutional investors are active users of
the MarketAxess trading platform, accessing the global liquidity
provided by MarketAxess’ 87 broker-dealer clients in U.S. high-grade
corporate bonds, European bonds, high yield and emerging markets bonds,
agency bonds, asset-backed and preferred securities and credit default
swaps. MarketAxess also offers a number of trading-related products and
services, including: market data to assist clients with trading
decisions; connectivity solutions that facilitate straight-through
processing; technology services to optimize trading environments; and
execution services for exchange-traded fund managers and other clients.
MarketAxess maintains its headquarters in New York and has offices
in London, Chicago, Salt Lake City, Hong Kong and Singapore. For more
information, please visit www.marketaxess.com.
Source: MarketAxess Holdings Inc.
MarketAxess
Florencia Panizza, +1-212-813-6029
fpanizza@marketaxess.com
or
William
McBride & Associates
Judith Flynn, +1-917-902-9726
jflynn@wmmcbride.com