Fiszel Bieler Succeeds Current CFO of MarketAxess Christopher Gerosa

MarketAxess has appointed Ilene Fiszel Bieler as its Chief Financial Officer, succeeding Christopher Gerosa. Bieler, slated to assume her role around May 22, 2024, brings a wealth of experience garnered from her tenure at State Street Global Markets and Barclays, among other reputable firms.

Based in New York, Bieler will report directly to CEO Chris Concannon, playing a pivotal role in shaping MarketAxess’ financial strategy and fostering sustainable growth. MarketAxess operates a renowned electronic trading platform that enhances trading efficiency and liquidity across global fixed-income markets.

Bieler’s extensive experience in financial services, investor relations, and fixed-income markets positions her well for her new role. Previously serving as Executive Vice President and Chief Operating Officer at State Street Global Markets, Bieler has held various key positions at Barclays and Citigroup.

Chris Concannon, CEO of MarketAxess, expressed enthusiasm about Bieler’s appointment, emphasizing her diverse financial services background and operational expertise as invaluable assets for the company’s continued growth. He, along with Executive Chairman Rick McVey and the Board, anticipates Bieler’s leadership in driving MarketAxess’ finance organization forward.

In a significant development from the previous year, Bloomberg, MarketAxess, and Tradeweb discontinued their joint venture aimed at bolstering the fixed-income consolidated tape provider space in the European Union and the United Kingdom. The decision stemmed from uncertainties surrounding the joint venture.

Recently, MarketAxess unveiled robust financial results for the fourth quarter and full year 2023, boasting substantial revenue growth of nearly 11% and increased trading volumes across diverse products and regions. Total revenues surged 10.9% year-over-year to $197.2 million, partly fueled by the acquisition of Pragma and positive foreign currency impacts.

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