MarketAxess, which operates electronic trading platforms, has appointed Robert Hammond as head of sales and dealer relationship management for Europe and the Middle East. Hammond joins MarketAxess from CME Group, where he was head of Listed Rates and OTC Clearing Solutions.
Hammond will be responsible for driving sales across the region and building the firms institutional network of fixed income investors and dealers. He will oversee client and dealer relationships and manage the continued delivery of the firms e-trading solutions to the fixed income marketplace.
Hammond will report to Paul Ellis, head of MarketAxess Europe.
We are delighted to welcome Robert to the team, Ellis says. He has a lengthy and impressive track record of managing sales and trading businesses in the fixed income sector, and brings deep expertise in navigating the incoming regulatory mandates that will impact both our cash and derivatives businesses in Europe. We have been investing heavily in enhancements to our European fixed income platform and under Roberts direction we are confident that we will continue to build on the increased momentum we are already seeing in the region.
Before CME Group, Hammond was managing director and head of fixed income and derivative sales and trading at the Bank of Tokyo Mitsubishi. He previously held senior positions in fixed income at West LB, Barclays Capital and J.P. Morgan.
MarketAxess has an unrivalled breadth of credit products on its platform and an extensive global network of institutional clients and dealers, Hammond says. This is a time of great opportunity for e-trading in the sector and Im looking forward to working with Paul and the team to further build on the firms franchise across the region.
MarketAxess is one of the firms that have expressed an interest in launching a swaps execution facility (SEF), which was mandated by Dodd-Frank as the type of platform upon which derivatives will be traded and cleared as over-the-counter trading of derivatives is reduced.
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