MarketAxess announces appointment of new Head of Index and ETF Solutions

Karthik Subramanian

MarketAxess Holdings Inc., an operator of one of the largest trading platforms for fixed-income securities, has announced the appointment of Kathryn Sweeney as the new Head of its Index and ETF solutions.

The company said that as the Head of its Index and ETF Solutions, she would be responsible for the execution of the company strategy for these two divisions and would also help with business and product development by working with the various market participants to let them know about the capabilities of the platform and how they could make use of the platform’s proprietary market data and trading insights to build their customized solutions for their trading and investing. Miss Sweeney has over 18 years of experience working at Goldman Sachs where she built the company’s ETF market-making business.

Chris Concannon, President, and Chief Operating Officer commented, “Kat is a known and visible leader in the world of ETFs and portfolio and index construction. She brings deep experience in trade execution, distribution, and product development that will help advance our strategic vision for creating a more efficient and transparent marketplace. We are still in the early days of the indexation of the fixed income markets and I believe that MarketAxess will play a major role in the acceleration of that evolution with Kat’s support.”

Miss Sweeney had also held various roles across risk management, strategy, and business development at Goldman before she joined State Street Global Advisors where she was the Senior Managing Director and Head of the Institutional Client Group for North America. She will join MarketAxess on October 18 and will directly report to the COO, the company said. These are indeed interesting times for the company as the trading volumes pick up around the world post the pandemic.

“My career is firmly rooted in the belief that index solutions have benefited all market participants with improved investment and liquidity solutions,” said Ms. Sweeney. “I am thrilled to join MarketAxess, as the firm is uniquely positioned to offer differentiated indexing and portfolio solutions to institutional clients that will further enhance their ability to meet their clients’ investment needs.”

The participation of institutional clients has also been increasing steadily over the last few months and by the end of the year, it is expected that most of the platforms would have transaction volumes comparable to the pre-pandemic levels.

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