MarketAxess, the operator of the electronic trading platform for fixed-income securities, has appointed Ilene Fiszel Bieler as its Chief Financial Officer, replacing Christopher Gerosa. Set to commence her role around May 22, 2024, Bieler brings a wealth of experience from her tenure at State Street Global Markets and Barclays, among others.

Chris Concannon, the CEO of MarketAxess, mentioned: "Ilene's diverse financial services background and unique operational experience will be instrumental to our continued growth. The Board, along with Executive Chairman Rick McVey, and I all look forward to her partnership and leadership of the finance organization at MarketAxess."

A Seasoned Financial Leader

Bieler brings experience in financial services, investor relations, and fixed-income markets to her new role at MarketAxess. Previously, she served as the Executive Vice President and the Chief Operating Officer at State Street Global Markets. Bieler has held various roles at Barclays and Citigroup.

MarketAxess Appoints Ilene Fiszel Bieler as Chief Financial Officer https://t.co/NdxsIQYdYm pic.twitter.com/BqXaOL8yA5

— Latest News from Business Wire (@NewsFromBW) February 26, 2024

Based in New York, Bieler will report directly to the CEO, Chris Concannon. She is poised to play a key role in shaping MarketAxess' financial strategy and driving sustainable growth in the years to come, MarketAxess mentioned. MarketAxess operates an electronic trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that enhances trading and liquidity across global fixed-income markets.

Leadership Change amid Positive Financial Performance

Recently, MarketAxess unveiled its financial report for the fourth quarter and full year 2023, showcasing substantial revenue growth of nearly 11% and a boost in trading volumes across various products and regions. MarketAxess' total revenues soared 10.9% YoY to $197.2 million, partly attributed to the acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Pragma and positive foreign currency impacts.

The firm's net income expanded 18% to $69.6 million, while diluted EPS climbed 16.5% to $1.84. MarketAxess' 2023 results depicted a growth of 5% YoY in total revenues to $753 million, with net income and diluted EPS growing 3%.

Last year, Bloomberg, MarketAxess, and Tradeweb abandoned their joint venture, which aimed to enhance the fixed-income consolidated tape provider space in the European Union and the United Kingdom. The trio cited uncertainties in the joint venture.