Richard M. McVey

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Richard Mitchell McVey (born January 2, 1959) is an American entrepreneur and business executive. He is best known as the founder, chairman, and chief executive officer of MarketAxess, an electronic trading platform for fixed-income securities. He worked for JPMorgan, one of MarketAxess' founding broker-dealers, and was key to the creation of MarketAxess in April 2000.
== Background ==
=== Early Life and Education ===
McVey was born and raised in Painesville, Ohio, a suburb of Cleveland. His father ran an oil company and was an active stock investor, which likely influenced McVey's future career path.
He attended Miami University in Ohio, where he earned a B.A. in finance. McVey then went on to receive an MBA from the Kelley School of Business at Indiana University in 1983.
== Career ==
=== JP Morgan ===
Before founding MarketAxess, McVey was the managing director and head of fixed income sales in North America at JPMorgan, where he managed the institutional distribution of fixed-income securities to investors. He served in that capacity from 1996 to April 2006, and developed and maintained senior client relationships across market areas such as fixed-income, equities, emerging markets, foreign exchange and derivatives.
McVey was also the head of JPMorgan's futures and options business in North America from 1992 to 1996, which included institutional brokerage, research, operations, finance and compliance. He is on the board of directors at Blue Mountain Credit L.P.
=== MarketAxess ===
In April 2000, McVey founded MarketAxess, an electronic trading platform for corporate bonds and other fixed-income products. The idea for MarketAxess originated in 1999 as part of JP Morgan's Lab Morgan program, which supported executives' ideas for web-based technology applications.
McVey launched MarketAxess as an independent venture after leading an initial funding round that raised $24 million in capital from JP Morgan and other market participants. In November 2004, he led the company through its initial public offering.
Under McVey's leadership, MarketAxess has become one of the fastest-growing financial technology companies in the U.S. public markets, with industry-leading total stockholder returns.
== Recognition and Board Memberships ==
McVey was named the Ernst & Young National Entrepreneur of the Year for financial services in 2012. He has also been included in the Institutional Investor Tech 40 list 15 times.
He serves on the U.S. Securities and Exchange Commission's Fixed Income Market Structure Advisory Committee, where he chairs the Technology and Electronic Trading Sub-Committee. McVey is also a member of the Board of Directors of the Miami (Ohio) University Foundation and the Board of Trustees of Colby College.
== Philanthropy ==
McVey has made significant contributions to educational institutions:
* In 2020, he donated $20 million to Miami University for the construction of a data science building named after him, expected to be completed in January 2024.
* In 2024, he donated $10 million to Colby College for the construction of a computational and data science building named after him.
== Five Minute Interview ==
*May 2011
== References ==	
Category:MarketAxess
Category:MarketsWiki Page of the Day