Rick_McVey

Richard McVey

Richard McVey

US business owner

Richard Mitchell McVey[1] (born January 2, 1959, in Painesville, Ohio[2][3])is an American entrepreneur who is chairman and chief executive officer of MarketAxess, which operates an electronic trading platform for corporate bonds and other fixed-income products.[1] McVey has led MarketAxess since he founded the company in April 2000.[1]

Quick Facts Born, Alma mater ...

Early life and education

McVey grew up in a suburb of Cleveland, where his father ran an oil company and was an active stock investor.[2]

McVey attended Miami University (Ohio) as a member of the Phi Gamma Delta Fraternity, where he received a B.A. degree in finance,[4] and then received an MBA from the Kelley School of Business Indiana University in 1983.[3]

Career

In 1991, McVey was hired by JP Morgan, and ran the North America Futures and Options Business, including institutional brokerage, research, operations, finance and compliance.[1] There he rose to become a managing director.[1] In 1995, McVey relocated to New York and moved into fixed income, to run JP Morgan's North American Fixed Income Sales,[3] managing the institutional distribution of fixed-income securities to investors until 2000.[5]

McVey along with Richard Schiffman, founded MarketAxess in April 2000 and is chairman and chief executive officer.[6] He originally proposed the business model for MarketAxess in 1999 as part of J.P. Morgan's Lab Morgan program, which was designed to back executives’ ideas for using web-based technology. He launched the company as an independent venture in 2000, after leading an initial funding round which raised $24 million in capital from JP Morgan and other market participants including Bear Stearns.[2] In November 2004 he led the company's initial public offering.[6]

Personal life

On September 1, 2018, McVey married Lara Spencer, co-anchor for Good Morning America, in Vail, Colorado.[7] They had previously announced their engagement in January 2018. McVey has three daughters from a previous marriage.[8]

In 2020, he donated $20 million to Miami University for the construction of a data science building named after him, expected to be completed in January 2024.[9]

In 2024, he donated $10 million to Colby College for the construction of a computational and data science building named after him.[10]

References

  1. [1]
    "Company Overview of MarketAxess Corporation". Bloomberg. Bloomberg L.P. Retrieved 14 September 2018.
  2. [2]
    Tully, Shawn (2014-12-04). "The man behind the $7.7 trillion bond revolution". Fortune. ISSN 2169-155X. Archived from the original on 2017-07-05. Retrieved 2023-12-05.
  3. [3]
    Agini, Samuel (3 April 2018). "MarketAxess CEO Rick McVey: Building an $8.5bn fintech juggernaut". Financial News. Retrieved 14 September 2018.
  4. [4]
    "People: Marketaxess Holdings Inc (MKTX.OQ)". Reuters. Reuters. Archived from the original on September 17, 2018. Retrieved 14 September 2018.
  5. [5]
    "Executive profile of Rick McVey". Bloomberg. Bloomberg L.P. Retrieved 14 September 2018.
  6. [6]
    "Management". MarketAxess. MarketAxess. Retrieved 14 September 2018.
  7. [7]
    Strohm, Emily; Quinn, Dave (1 September 2018). "Lara Spencer Is Married! Good Morning America Co-Host Ties the Knot in Vail — See Her Dress!". People. Retrieved 14 September 2018.
  8. [8]
    Cagle, Jess; Stone, Natalie (5 January 2018). "Good Morning America's Lara Spencer Is Engaged to Tech Entrepreneur Rick McVey". People. Retrieved 14 September 2018.
  9. [9]
    Mitchell, Madeline (25 October 2021). "Miami alumnus Richard McVey donates $20 million for new data science building". Cincinnati Enquirer. Retrieved 25 October 2021.
  10. [10]
    Sopko, George (16 May 2024). "Colby Receives Major Gift to Establish the McVey Center for Computational and Data Sciences". Colby College. Retrieved 16 May 2024.
Share this article:

This article uses material from the Wikipedia article Rick_McVey, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.