MarketAxess board elects Richard Prager 18 July 2019 New York Reporter: Maddie Saghir
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MarketAxess board of directors has elected Richard Prager, a former senior managing director of BlackRock, who led the firm鈥檚 global trading, liquidity and securities lending teams.
Prager served on BlackRock鈥檚 global executive committee and played a leadership role in managing BlackRock鈥檚 global investment platform. He retired from BlackRock on July 1 2019.
Prior to joining BlackRock in 2009, Prager worked for Bank of America in several senior management roles, including global head of rates, currencies and commodities.
Rick McVey, MarketAxess chairman and CEO, commented: 鈥淩ichard Prager is well known for his industry leadership in developing and supporting innovative liquidity solutions in the global fixed income markets.
鈥淔ew people in our industry have his breadth of knowledge and experience in the entire front to back trading lifecycle. He is passionate about technology solutions to improve efficiency in fixed income trading and settlements.鈥�
鈥淥ur company will benefit greatly from his perspective and expertise as we continue to invest in the next generation of electronic trading capabilities and expand our global presence.鈥�
Prager commented: 鈥淢arketAxess has been an important catalyst in the accelerating transformation of global fixed income markets.鈥�
鈥淛oining Rick McVey and the rest of the MarketAxess board is an exciting opportunity to continue my engagement in addressing the ways that technology can strengthen market structure, delivering substantial value to market participants through increased efficiency and access to liquidity."
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