MarketAxess Hires Kathryn Sweeney as Head of Index and ETF Solutions

MarketAxess Holdings Inc. (Nasdaq: MKTX) has announced on Monday the official appointment of Kathryn Sweeney as its new Head of Index and ETF Solutions. According to the press release, she will oversee the execution and development of the MarketAxess index and ETF business strategy.

Prior to her new role in the trading platform operator for fixed-income securities, Sweeney worked as Senior Managing Director and Head of the Institutional Client Group for North America at State Street Global Advisors (SSGA).

Also, she was employed for Goldman Sachs for over 18 years, where she was in charge of building the strategic Goldman’s ETF market-making business. Her appointment at MarketAxess is effective immediately and will report to Chris Concannon, President and Chief Operating Officer of the firm.

“Kat is a known and visible leader in the world of ETFs and portfolio and index construction. She brings deep experience in trade execution, distribution, and product development that will help advance our strategic vision for creating a more efficient and transparent marketplace. We are still in the early days of the indexation of the fixed income markets, and I believe that MarketAxess will play a major role in the acceleration of that evolution with Kat’s support,” Concannon commented on the announcement.

“My career is firmly rooted in the belief that index solutions have benefited all market participants with improved investment and liquidity solutions. I am thrilled to join MarketAxess, as the firm is uniquely positioned to offer differentiated indexing and portfolio solutions to institutional clients that will further enhance their ability to meet their clients’ investment needs,” Sweeney said.

Recent Metrics

Finance Magnates reported that MarketAxess Holdings generated total revenue of $176.3 million between April and June, which is 4.6% lower year-over-year. Also, operating income plummeted to $87.2 million from $104.1 million for the second quarter of 2020.

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