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MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other types of fixed-income securities, today announced that it has appointed Steven L. Begleiter to its Board of Directors.
Mr. Begleiter is a Senior Principal at Flexpoint Ford, LLC, a position he has held since October 2008. In this role, Mr. Begleiter oversees strategy and development for Flexpoint Ford’s portfolio companies in both the financial services and healthcare industries. Mr. Begleiter has over 25 years of experience in transaction advisory services and financing for domestic and international clients. Prior to joining Flexpoint Ford, Mr. Begleiter was a Senior Managing Director at Bear Stearns & Co., where he was also a member of the firm's Management and Compensation Committee. Mr. Begleiter also served as head of Bear Stearns’ Corporate Strategy Group. Mr. Begleiter currently serves on the board of directors of WisdomTree Investments, Inc.
Richard M. McVey, MarketAxess Chief Executive Officer and Chairman of the Board, said: “Steve has extensive experience in investment banking, business building and corporate strategy. We look forward to benefiting from his insights on industry trends and long term growth strategies. Given his M&A and private equity experience, Steve will be especially helpful to the company as we continue to analyze acquisition opportunities to complement our organic growth.”
Mr. Begleiter added: “Electronic trading is increasingly becoming a more integral strategy for the OTC fixed income and derivatives marketplaces, helping to broaden access for a greater number of participants and improve transparency and efficiency. MarketAxess’ innovative and entrepreneurial culture has led the way in opening new doors for global expansion and market structure evolution. I am pleased to join Rick and the rest of the directors during this exciting time of change to help drive MarketAxess’ strategy for the future.”