Richard McVey Biography
Richard McVey is an American entrepreneur who was born in Painesville, Ohio, the United States as Richard Mitchell McVey. He is also known as Rick. McVey serves as chairman as well as a chief executive officer of MarketAxess, which operates an electronic trading platform for corporate bonds and other fixed-income products. Richard M. Mcvey has led MarketAxess for 18 years since he founded the company in April 2000.
In the year 1991, McVey was hired by JP Morgan, to run the North America Futures and Options Business, including institutional brokerage, research, operations, finance as well as compliance. There he rose to become a managing director. In the year 1995, he relocated to New York and moved into fixed income, to run JP Morgan’s North American Fixed Income Sales managing the institutional distribution of fixed-income securities to investors until the year 2000.
McVey founded MarketAxess in April 2000 and has since worked as chairman as well as a chief executive officer. He originally proposed the business model for MarketAxess in the year 1999 as part of J.P. Morgan’s Lab Morgan program, which was designed to back executives’ ideas for using web-based technology.
Rick launched the company as an independent venture in the year 2000, after leading an initial funding round that raised $24 million in capital from JP Morgan as well as other market participants including Bear Stearns. He led the company’s initial public offering in November 2004.
10 Quick Facts About Richard McVey
- Name: Richard McVey
- Age: 60 years old
- Birthday: 2 July
- Zodiac Sign: Cancer
- Height: 5 feet 6 inches
- Nationality: American
- Occupation: Entrepreneur
- Marital Status: Married
- Salary: $16,625,200 million dollars
- Net worth: $557 million dollars
Richard McVey Age
Richard M Mcvey Age is 60 years old as of 2020, he was born on 2 July 1960 in Painesville, Ohio, United States. Rick celebrates his birthday on July 2 every year.
Richard McVey Height
McVey stands at a height of 5 feet 6 inches and weighs 62 kg. He also appears to be quite tall in stature in his photos. His wife Lara stands at a height of 5 feet 10 inches tall. Also, Rick has brown eyes and black hair color.
Richard Mcvey Education
McVey attended Miami ‘Ohio’ University where he received a B.A. degree in finance and then received an MBA from the Kelley School of Business Indiana University in 1983. He enrolled in the finance program at the institution where he earned his bachelor’s degree in the subject.
Richard McVey Family, Parents, and Siblings
McVey was born in Painesville, Ohio, the United States, and grew up in a suburb of Cleveland, where his father ran an oil company and was an active stock investor.
Rick’s dad was also active in stock market investing. He left an impression on Rick with his investment activities and it encouraged McVey to follow in his father’s footsteps by founding a finance company as well as leading the business himself.
Richard McVey Wife
McVey is married to Lara Spencer, a co-anchor for Good Morning America, in Vail, Colorado. The couple married on September 1, 2018, in a beautiful ceremony in Vail, Colorado. The wedding was attended by their close friends and family, and their five children recite emotional readings in the ceremony.
McVey has three daughters from his earlier marriage while Lara Spencer has two children from her relationship with David Haffenreffer. Both of them were married for 15 years and ended their relationship in divorce in June 2015.
Richard McVey Children, Daughters
McVey has three daughters from a previous marriage from his earlier marriage while his second wife Lara Spencer has two children from her relationship with David Haffenreffer.
Richard McVey Salary
As the Chairman of the Board and Chief Executive Officer of MarketAxess, the total compensation of Richard McVey at MarketAxess is $16,625,200 million dollars. There are no executives at MarketAxess getting paid more.
Richard McVey Net Worth
McVey is $557 million dollars as of 2020. This includes his Assets, Money and Income. His primary source of income is his career as an entrepreneur. Through his various sources of income, Rick has been able to accumulate a good fortune but prefers to lead a modest lifestyle.
He owns over 20,000 units of MarketAxess stock worth over $336,280,717 and over the last 15 years, he sold MKTX stock worth over $92,007,045. In addition, he makes $16,625,200 as Chairman of the Board and Chief Executive Officer at MarketAxess.
Richard McVey Measurements and Facts
Here are some interesting facts and body measurements you should know about Richard McVey.
Richard McVey Wiki
- Full Names: Richard Mitchell McVey
- Popular As: Chairman as well as a chief executive officer of MarketAxess
- Gender: Male
- Occupation / Profession: Entrepreneur
- Nationality: American
- Race / Ethnicity: White
- Religion: Christianity
- Sexual Orientation: Straight
Richard McVey Birthday
- Age / How Old?: 60 years old as of 2020
- Zodiac Sign: Cancer
- Date of Birth: 2 July 1960
- Place of Birth: Painesville, Ohio, United States
- Birthday: July 2
Richard McVey Body Measurements
- Body Measurements: To be updated
- Height / How Tall?: 5 feet 6 inches
- Weight: 62 kg
- Eye Color: Brown
- Hair Color: Black
- Shoe Size: To be updated
Richard McVey Family and Relationship
- Father (Dad): To be updated
- Mother: To be updated
- Siblings (Brothers and Sisters): To be updated
- Marital Status: Married
- Wife/Spouse: Married to Lara Spencer
- Dating / Girlfriend: Not Applicable
- Children: To be updated
Richard McVey Networth and Salary
- Net Worth: $557 million dollars
- Salary: Under Review
- Source of Income: Entrepreneur
Richard McVey House and Cars
- Place of living: US
- Cars: Car Brand to be Updated
Richard Mcvey Marketaxess
McVey has made over 63 trades of the MarketAxess stock since 2004, according to Form 4 filed with the SEC. Most recently he sold 20,000 units of MKTX stock worth $5,622,800 on 8 May 2019.
The largest trade he has ever made was exercising 888,889 units of MarketAxess stock on May 3. 2012 worth over $2,400,000. On average, Richard trades about 28,602 units every 48 days since 2004. As of May 8. 2019, he still owns at least 988,189 units of MarketAxess stock.
Rick McVey Fortune
Rick McVey, CEO of electronic trader Marketaxess Holdings, is disrupting the old-fashioned way that Wall Street buys and sells corporate bonds—and cashing in on the change.
Richard McVey Chairman and Chief Executive Officer
Richard M. McVey founded MarketAxess in April 2000 and has been Chairman and Chief Executive Officer since the firm’s inception. Under his leadership, MarketAxess has emerged as the leading electronic platform for corporate bonds, creating an efficient and competitive marketplace for over 1,400 global institutional investors and broker-dealer firms to trade a broad range of credit products. Mr. McVey led the company’s initial public offering in November 2004.
MarketAxess has introduced multiple innovations in trading technology to increase the transparency and liquidity of global credit markets. The company has developed a range of new and innovative trading tools to connect bond buyers and sellers, including investor-to-multi-dealer and all-to-all electronic trading solutions. MarketAxess has been awarded 13 patents for trading technology.
Mr. McVey began his career in the futures industry and joined J.P. Morgan & Co. in 1992. From 1992 to 1996, Mr. McVey was managing director and head of J.P. Morgan’s North American futures and options business, and in 1996, he was chosen to be J.P.
Morgan’s head of North American fixed income sales and investor client relations. Mr. McVey previously served on the board of directors of Blue Mountain Credit Alternatives L.P. and now serves on the board of directors for the Miami University Foundation and the Colby College Board of Trustees.
Mr. McVey was recently selected as an inaugural member of the SEC’s Fixed Income Market Structure Advisory Committee. The Committee will work closely with the SEC on the efficiency and resiliency of the fixed income markets and identify opportunities for regulatory improvements. In 2012 Mr. McVey was Ernst & Young’s “National Entrepreneur Of The Year” for financial services and has also been named to Institutional Investor’s “Tech 50” nine times.
Richard McVey Miami
Rick is a 1981 Miami graduate with a B.S. in Finance. He also earned an M.B.A. from Indiana University – Bloomington. As a student, Rick was a member of the Phi Gamma Delta and the Men’s Golf team, 1981 MAC team championship.
Rick founded MarketAxess in April 2000 and has been Chairman and Chief Executive Officer since the firm’s inception. Under his leadership, MarketAxess has emerged as the leading electronic platform for corporate bonds, creating an efficient and competitive marketplace for over 1,000 global institutional investors and broker-dealer firms to trade a broad range of credit products.
Frequently Asked Questions About Richard McVey
Who is Richard McVey?
Richard McVey is a famous entrepreneur. He is also known as Rick. McVey serves as chairman as well as a chief executive officer of MarketAxess, which operates an electronic trading platform for corporate bonds and other fixed-income products.
How old is Richard McVey?
McVey is an American national born on 2 July 1960 in Painesville, Ohio, United States.
How tall is Richard McVey?
McVey stands at a height of 5 feet 6 inches.
Is Richard McVey married?
Yes, he is married to Lara Spencer. They got married on September 1, 2018, in a beautiful ceremony in Vail, Colorado. McVey has three daughters from his earlier marriage while Lara Spencer has two children from her relationship with David Haffenreffer.
How much is Richard McVey worth?
McVey has an approximate net worth of $557 million. This amount has been accrued from his successful career as an entrepreneur.
How much does Richard McVey make?
As the Chairman of the Board and Chief Executive Officer of MarketAxess, the total compensation of Richard McVey at MarketAxess is $16,625,200 million dollars. There are no executives at MarketAxess getting paid more.
Where does Richard McVey live?
Because of personal reasons, McVey has not shared his precise location of residence. We will immediately update this information if we get the location and images of his house.
Is Richard McVey dead or alive?
McVey is alive and in good health. There have been no reports of him being sick or having any health-related issues.
Where is Richard McVey Now?
Entrepreneur: McVey is still an active participant in the creative business industry, he is the chairman as well as a chief executive officer of MarketAxess.
Richard McVey Contacts
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