Tradeweb appoints Billy Hult as CEO

Rick Steves

“While we’ve planted our flag as innovators in electronifying markets, there are enormous opportunities to make markets more efficient and for Tradeweb as a company to realize meaningful and sustained growth.”

Tradeweb Markets Inc. has appointed William (Billy) Hult as Chief Executive Officer to replace Lee Olesky who retired on December 31, 2022 and now serves as non-executive Chairman of the Board.

Tradeweb is a global operator of electronic marketplaces for rates, credit, equities and money markets. Providing access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 40 products to clients in the institutional, wholesale and retail markets since 1996, Tradeweb’s technology enhances price discovery, order execution and trade workflows.

Billy Hult becomes CEO of Tradeweb after 14 years as President

Hult becomes CEO of Tradeweb after 14 years as President (2008-2022) and 22 years at the company. He spearheaded the development of several of Tradeweb’s most successful marketplaces, including mortgages and wholesale electronic trading, and has been a strong proponent of connecting liquidity providers and investors across retail, wholesale and institutional markets.

He was seen as instrumental in numerous Tradeweb acquisitions, including Hilliard Farber (2008), Rafferty Capital Markets (2011), J.J. Kenny Drake (2011), and Nasdaq’s former eSpeed platform for electronic bond trading (2021).

Billy Hult, Chief Executive Officer at Tradeweb, commented: “We’re entering into an exciting new era for Tradeweb. While we’ve planted our flag as innovators in electronifying markets, there are enormous opportunities to make markets more efficient and for Tradeweb as a company to realize meaningful and sustained growth. This leadership team represents a strong combination of Tradeweb veterans and newer additions to the team, and we are energized to help our clients and partners navigate these complex markets.”

Thomas Pluta becomes President at Tradeweb after 27 years at JP Morgan

Thomas Pluta was also announced as the company’s new President. Pluta joined Tradeweb in 2022 and has been a member of the Board since 2017.

As President, Thomas Pluta oversees all aspects of the company with direct responsibility for U.S. Institutional Fixed Income and Equities, Dealerweb and Tradeweb Direct, as well as Risk and Compliance.

Thomas Pluta joined Tradeweb from JP Morgan, where he spent nearly 27 years and was most recently Global Head of Linear Rates Trading and Co-Head of North America Rates Trading.

Tradeweb’s executive leadership team is comprised of the following:

Billy Hult, Chief Executive Officer
Thomas Pluta, President
Sara Furber, Chief Financial Officer
Chris Bruner, Chief Product Officer
Enrico Bruni, Managing Director, Head of Europe and Asia Business
Douglas Friedman, General Counsel
Justin Peterson, Chief Technology Officer
Fred Strobel, Global Head of Human Resources
Scott Zucker, Chief Risk and Administrative Officer

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