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Trading Platform MarketAxess Appoints Raj Paranandi as COO for EMEA and APAC

MarketAxess Holdings Inc., New York-headquartered operator of an electronic trading platform for fixed-income securities, announced the appointment of Raj Paranandi as its Chief Operating Officer for EMEA and APAC. The appointment will come into effect on March 1st, 2021.

Based in London, Mr. Paranandi will have day-to-day operational oversight for EMEA and APAC, including technology and product development, client and account services, data operations, regulatory operations and controls, settlements and middle-office functions.

He will play a lead role in setting the long-term goals for the international business and lead new strategic change management initiatives. He will report to Christophe Roupie and work closely with Chris Concannon, President and Chief Operating Officer at MarketAxess.

Raj Paranandi

“This is a wonderful opportunity to join a market leader that is driving evolution and innovation across global fixed income markets. The pace of the firm’s growth, and the many opportunities that its growing portfolio of trading, data and post-trade solution presents, is outstanding,”

commented Mr. Paranandi.

“I’m looking forward to adding my experience to the MarketAxess team as we look to sustain that pace and enhance the resilience, scalability and agility of the international business.”

Mr. Paranandi joins MarketAxess from UBS, where he was most recently Global Co-Head of Digital Transformation for UBS Global Markets and Global Head of Change for UBS Investment Bank.

Prior to this, he spent four years as Global Chief Operating Officer for FX, Rates and Credit at UBS Investment Bank, focused on developing a fixed income business through technology re-engineering and business process simplification. Previous roles include technology and operational leadership roles at Barclays, Credit Suisse and Accenture. He has also served as a board member of the Global Financial Markets Association (GFMA).

Christophe Roupie

“Raj brings with him an impressive record of front-to-back operational leadership and successful strategic transformation”,

said Christophe Roupie, Head of EMEA and APAC at MarketAxess.

“His experience in building new business lines and leading major technology and infrastructure change programs will be highly valuable to us as we seek to expand our international business into new markets, sectors and product lines.”