MarketAxess Welcomes Ilene Fiszel Bieler as the Chief Financial Officer

by Jared Kirui
  • Bieler will replace Christopher Gerosa.
  • She has held various roles at Barclays, Citigroup, and State Street Global Markets.
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MarketAxess, the operator of the electronic trading platform for fixed-income securities, has appointed Ilene Fiszel Bieler as its Chief Financial Officer, replacing Christopher Gerosa. Set to commence her role around May 22, 2024, Bieler brings a wealth of experience from her tenure at State Street Global Markets and Barclays, among others.

Chris Concannon, the CEO of MarketAxess, mentioned: "Ilene's diverse financial services background and unique operational experience will be instrumental to our continued growth. The Board, along with Executive Chairman Rick McVey, and I all look forward to her partnership and leadership of the finance organization at MarketAxess."

A Seasoned Financial Leader

Bieler brings experience in financial services, investor relations, and fixed-income markets to her new role at MarketAxess. Previously, she served as the Executive Vice President and the Chief Operating Officer at State Street Global Markets. Bieler has held various roles at Barclays and Citigroup.

Based in New York, Bieler will report directly to the CEO, Chris Concannon. She is poised to play a key role in shaping MarketAxess' financial strategy and driving sustainable growth in the years to come, MarketAxess mentioned. MarketAxess operates an electronic trading platform that enhances trading and liquidity across global fixed-income markets.

Leadership Change amid Positive Financial Performance

Recently, MarketAxess unveiled its financial report for the fourth quarter and full year 2023, showcasing substantial revenue growth of nearly 11% and a boost in trading volumes across various products and regions. MarketAxess' total revenues soared 10.9% YoY to $197.2 million, partly attributed to the acquisition of Pragma and positive foreign currency impacts.

The firm's net income expanded 18% to $69.6 million, while diluted EPS climbed 16.5% to $1.84. MarketAxess' 2023 results depicted a growth of 5% YoY in total revenues to $753 million, with net income and diluted EPS growing 3%.

Last year, Bloomberg, MarketAxess, and Tradeweb abandoned their joint venture, which aimed to enhance the fixed-income consolidated tape provider space in the European Union and the United Kingdom. The trio cited uncertainties in the joint venture.

MarketAxess, the operator of the electronic trading platform for fixed-income securities, has appointed Ilene Fiszel Bieler as its Chief Financial Officer, replacing Christopher Gerosa. Set to commence her role around May 22, 2024, Bieler brings a wealth of experience from her tenure at State Street Global Markets and Barclays, among others.

Chris Concannon, the CEO of MarketAxess, mentioned: "Ilene's diverse financial services background and unique operational experience will be instrumental to our continued growth. The Board, along with Executive Chairman Rick McVey, and I all look forward to her partnership and leadership of the finance organization at MarketAxess."

A Seasoned Financial Leader

Bieler brings experience in financial services, investor relations, and fixed-income markets to her new role at MarketAxess. Previously, she served as the Executive Vice President and the Chief Operating Officer at State Street Global Markets. Bieler has held various roles at Barclays and Citigroup.

Based in New York, Bieler will report directly to the CEO, Chris Concannon. She is poised to play a key role in shaping MarketAxess' financial strategy and driving sustainable growth in the years to come, MarketAxess mentioned. MarketAxess operates an electronic trading platform that enhances trading and liquidity across global fixed-income markets.

Leadership Change amid Positive Financial Performance

Recently, MarketAxess unveiled its financial report for the fourth quarter and full year 2023, showcasing substantial revenue growth of nearly 11% and a boost in trading volumes across various products and regions. MarketAxess' total revenues soared 10.9% YoY to $197.2 million, partly attributed to the acquisition of Pragma and positive foreign currency impacts.

The firm's net income expanded 18% to $69.6 million, while diluted EPS climbed 16.5% to $1.84. MarketAxess' 2023 results depicted a growth of 5% YoY in total revenues to $753 million, with net income and diluted EPS growing 3%.

Last year, Bloomberg, MarketAxess, and Tradeweb abandoned their joint venture, which aimed to enhance the fixed-income consolidated tape provider space in the European Union and the United Kingdom. The trio cited uncertainties in the joint venture.

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