MarketAxess Holdings says that T. Kelley Millet has joined MarketAxess as President. Millet will initially focus on expanding and diversifying the MarketAxess North America business.
He comes to MarketAxess from Bear Stearns & Co. Inc., where he was most recently Senior Managing Director, Co-Head of Global Credit Trading.
“We are immensely pleased with Kelley’s decision to join MarketAxess,” says Richard M. McVey, the chairman and chief executive officer of MarketAxess. “He brings a wealth of fixed-income experience and broad-based relationships to our company, and his hiring provides further validation that electronic trading on MarketAxess has arrived in the mainstream of the global credit business.”
“I am excited about the opportunity to join Rick and the MarketAxess team as fixed-income electronic trading enters its next exciting growth phase,” adds Millet. “I believe that dealers and investors will continue to be drawn to low-cost electronic execution venues, and I look forward to helping MarketAxess grow its leadership position in the credit markets.”