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HomeExecutive MovesJohn Maggiacomo to lead MarketAxess' sales in North America
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John Maggiacomo to lead MarketAxess’ sales in North America

MarketAxess has announced the appointment of John Maggiacomo as Head of Client Sales in North America, where he will focus on expanding and deepening the institutional client footprint across all product areas.

Based in New York and reporting to Kevin McPherson, the new responsible for sales leadership for the North America Client Sales business joins MarketAxess after a long career in credit sales in several banking names.

John Maggiacomo most recently served as Head of US Credit Sales at Royal Bank of Canada (RBC). During his time there, he played a strategic role in growing the secondary credit businesses with a dedicated focus on leveraged finance. Prior to joining RBC, Mr. Maggiacomo spent much of his career at Bank of America Merrill Lynch, where he was Managing Director, Credit Sales.

“MarketAxess is a force in fixed income trading”

Kevin McPherson, Chief Revenue Officer of MarketAxess, said: “John brings with him extensive fixed income sales experience and strong industry relationships. I am confident that his deep fixed income product knowledge, including his High Yield expertise, strategic vision and leadership will contribute significantly to our success in the region.”

John Maggiacomo, Head of Client Sales in North America at MarketAxess, commented: “MarketAxess is a force in fixed income trading, driving meaningful improvements in trading efficiency and expanding trading opportunities for dealers and investors. In today’s rapidly evolving environment of increased electronification and regulation, the opportunity to deliver innovative solutions and differentiated insights to our clients is tremendously exciting. We are eager to continue redefining the playing field, providing a distinct competitive edge to our clients.”

MarketAxess operates an electronic trading platform for fixed-income securities, offering a diversified pool of liquidity and cost savings to institutional investors and broker-dealers across the global fixed-income markets. Over 2,000 firms leverage MarketAxess’ all-to-all trading solution to efficiently trade fixed-income securities.

MarketAxess hired Dan Burke as Head of Emerging Markets

Dan Burke joins MarketAxessLast month, MarketAxess appointed Dan Burke as Global Head of Emerging Markets. Based in London, Dan Burke will be responsible for the development and execution of business strategy for the EM business in both hard currency and local markets.

Reporting to MarketAxess chief executive Raj Paranandi, Burke will lead business and product management expansion of the company’s EM trading business across geographies and products.

Dan Burke joined MarketAxess after most recently serving as Managing Director at Standard Chartered in Singapore and London in his role as Global Head of Electronic and Algo Trading. At StanChart, he played a strategic role in the automation of the firm’s credit offering and entry into algorithmic market-making and portfolio trading. Prior to that, Burke held several senior credit trading roles at Deutsche Bank in Singapore and Bank of America Merrill Lynch in Tokyo and Hong Kong.

The MarketAxess EM trading solution serves over 1,600 market participants in more than 120 countries, having reported record EM average daily volume of $3.6 billion, up 17.3%, in the first quarter of 2024. Latin America and Asia-Pacific clients generated record levels of average daily volume in the quarter, up 11.1% and 54.8%, respectively.

The company’s recent expansions include Open Trading for Emerging Markets local currency bonds, Request-for-Market to support larger EM trades, and new country-specific protocols like Casada in Brazil.

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