Jill Bright Joins Interactive Brokers’ Board of Directors

Interactive Brokers (Nasdaq: IBKR), an American electronic trading venue, announced on Thursday that it appointed Jill Bright as an Independent Director of the firm.

According to the press release, Bright completed her MBA at New York University’s Stern School of Business, and she was appointed to the Quadrennial Advisory Commission, which evaluates and makes compensation recommendations for elected New York City Officials under Mayor de Blasio.

Bright is a senior human resources executive with over 30 years of experience. He served as the Executive Vice President of Human Resources and Administration for Sotheby’s, served as Chief Administrative Officer for LionTree LLC and Condé Nast and managed the human resources department at American Express for over 5 years. Besides serving on the Board of WOW Internet & Cable, she is the Board Director and Chair of the Compensation Committee of Simulmedia, which is based in NYC, and Service Express, which is based in Grand Rapids, Michigan.

“We are pleased to welcome Jill to the Board of Directors and will certainly benefit from her accomplished career focused on human capital management and organizational effectiveness. Ms Bright’s appointment adds valuable expertise to the Board and reinforces our commitment to expand diversity across the company,” Thomas Peterffy, the Founder and Chairman of Interactive Brokers, commented.

Quarterly Revenues

Recently, Interactive Brokers released its financials for the first quarter of 2021, reporting a significant decline in its revenue and income. The broker generated net revenue of $645 million between January and March, which is a year-over-year decline of almost 28%. On adjusted bases, this figure came in at $692 million, compared to $796 million a year before.

Additionally, the broker has detailed that its commission-based revenue declined by 15% to $349 million. The drop in this figure resulted from an “unusually active trading period last year, but was aided by higher customer options and futures trading volumes.”