Charles Li is elected to MarketAxess board of directors
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Charles Li is elected to MarketAxess board of directors 21 July 2021US Reporter: Carmella Haswell
Image: MarketAxess
MarketAxess Holding Inc has added Charlie Li, former chief executive of Hong Kong Exchanges and Clearing (HKEX), to its board of directors.
Li orchestrated HKEX’s expansion into fixed income, currency and commodities through the acquisition of the London Metal Exchange in 2012 and the launch of OTC Clear in 2013.
Additionally, Li enhanced mutual market access with Mainland China through the Shanghai and Shenzhen Stock Connect Programs and the Bond Connect initiative.
Before joining HKEX in 2009, Li was chairman of JP Morgan China from 2003 to 2009, prior to which he was president of Merrill Lynch China.
Li commented: “Ever since my involvement with the launch of Bond Connect, I have closely followed the development of global fixed income trading platforms, such as MarketAxess, and believe that they will play an important role in Asian bond markets.
“I admire the impressive track record of MarketAxess and I am excited to join the board at a time when electronic trading adoption is growing in global fixed income markets, particularly as MarketAxess is creating a centralised global electronic marketplace through international expansion.”
MarketAxess is a US-based operator of electronic trading platform for fixed-income securities, market data and post-trade services for global fixed-income markets.
Rick McVey, chairman and CEO of MarketAxess, said: “Charles [joins] MarketAxess’ board of directors at a time when fixed-income markets are expanding rapidly in the Asia region, and electronic trading is accelerating.
“As chief executive of HKEX, Charles led the firm through a decade of rapid growth by adding new asset classes and embracing electronic trading. His knowledge of market structure in Asia will be invaluable to MarketAxess as we expand our investment in the region.”
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Image: MarketAxess 