Richard McVey

Richard Mitchell McVey[1] (born Painesville, Ohio,[2] age 58[3]), known as Rick, is an American entrepreneur who serves as chairman and chief executive officer of MarketAxess, which operates an electronic trading platform for corporate bonds and other fixed-income products.[1] McVey has led MarketAxess for 18 years since he founded the company in April 2000.[1]

Richard M. McVey
Born
Painesville, Ohio
NationalityAmerican
Other namesRick
Alma materMiami (Ohio) University; Kelley School of Business at Indiana University
OccupationChairman and Chief Executive Officer of MarketAxess
Board member ofMiami (Ohio) University Foundation Board of Directors; Colby College Board of Trustees
Spouse(s)Lara Spencer (m. 2018)
Children3 daughters

On September 1, 2018, McVey married Lara Spencer, co-anchor for Good Morning America, in Vail, Colorado.[4] They had previously announced their engagement in January 2018. McVey has three daughters from a previous marriage.[5]

McVey grew up in a suburb of Cleveland, where his father ran an oil company and was an active stock investor.[2]

McVey attended Miami (Ohio) University, where he received a B.A. degree in finance,[6] and then received an MBA from the Kelley School of Business Indiana University in 1983.[3]

In 1991, McVey was hired by JP Morgan, to run the North America Futures and Options Business, including institutional brokerage, research, operations, finance and compliance.[1] There he rose to become a managing director.[1] In 1995, McVey relocated to New York and moved into fixed income, to run JP Morgan's North American Fixed Income Sales,[3] managing the institutional distribution of fixed-income securities to investors until 2000.[7]

McVey founded MarketAxess in April 2000 and has since served as chairman and chief executive officer.[8] He originally proposed the business model for MarketAxess in 1999 as part of J.P. Morgan's Lab Morgan program, which was designed to back executives’ ideas for using web-based technology. He launched the company as an independent venture in 2000, after leading an initial funding round which raised $24 million in capital from JP Morgan and other market participants including Bear Stearns.[2] In November 2004 he led the company's initial public offering.[8]

References
  1. "Company Overview of MarketAxess Corporation". Bloomberg. Bloomberg L.P. Retrieved 14 September 2018.
  2. Tully, Shawn (4 December 2014). "The man behind the $7.7 trillion bond revolution". Fortune. Retrieved 14 September 2018.
  3. Agini, Samuel (3 April 2018). "MarketAxess CEO Rick McVey: Building an $8.5bn fintech juggernaut". Financial News. Retrieved 14 September 2018.
  4. Strohm, Emily; Quinn, Dave (1 September 2018). "Lara Spencer Is Married! Good Morning America Co-Host Ties the Knot in Vail — See Her Dress!". People. Retrieved 14 September 2018.
  5. Cagle, Jess; Stone, Natalie (5 January 2018). "Good Morning America's Lara Spencer Is Engaged to Tech Entrepreneur Rick McVey". People. Retrieved 14 September 2018.
  6. "People: Marketaxess Holdings Inc (MKTX.OQ)". Reuters. Reuters. Retrieved 14 September 2018.
  7. "Executive profile of Rick McVey". Bloomberg. Bloomberg L.P. Retrieved 14 September 2018.
  8. "Management". MarketAxess. MarketAxess. Retrieved 14 September 2018.
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