Richard McVey
US business owner From Wikipedia, the free encyclopedia
Richard Mitchell McVey[1] (born January 2, 1959[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]
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Richard M. McVey | |
|---|---|
| Born | July 2, 1959 |
| Alma mater | Miami University (BA); Indiana University (MBA) |
| Occupation(s) | Chairman and CEO of MarketAxess |
| Spouse | Lara Spencer (m. 2018) |
| Children | 3 |
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 where he received a Bachelor of Arts degree in finance and was a member of the Phi Gamma Delta fraternity,[4] and then received an MBA from the Kelley School of Business at 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 which opened in February 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
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