Tradeweb Appoints Sara Furber as New Chief Financial Officer
August 30 2021 - 4:05PM
Business Wire
Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator
of electronic marketplaces for rates, credit, equities and money
markets, today announced it has appointed Sara Furber as its Chief
Financial Officer, effective September 7, 2021. She succeeds Robert
Warshaw, who will leave the company following a period of
transition. Ms. Furber will report to CEO Lee Olesky and become a
member of the executive leadership team.
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Sara Furber (Photo: Business Wire)
Ms. Furber joins Tradeweb from U.S. equity exchange operator IEX
Group, where she was CFO since 2018. She previously spent two
decades in senior roles at Morgan Stanley and Bank of America
Merrill Lynch.
Tradeweb CEO Lee Olesky commented: “Sara Furber brings to
Tradeweb a wealth of experience including diverse senior roles in
financial markets, banking, investor relations, technology and
electronic trading. Tradeweb is a growth company at the
intersection of finance and technology, and Sara is uniquely suited
to lead our finance team and help Tradeweb navigate its next phase
of growth and development. I would like to thank Bob Warshaw for
his many important contributions to Tradeweb since joining us in
2009, and especially for his vital role in Tradeweb’s 2019 IPO and
our early days as a public company.”
As Chief Financial Officer of IEX Group, Ms. Furber led the
company’s finance function and also oversaw its new business
portfolio, including technology businesses such as data platform
IEX Cloud. Prior to joining IEX in 2016, she was a Managing
Director and a member of Morgan Stanley’s Management Committee. She
held several senior executive positions at Morgan Stanley,
including Chief Operating Officer for Wealth Management. Ms. Furber
previously served as Chief Operating Officer for Global Corporate
and Investment Banking at Bank of America Merrill Lynch, after
leading Investor Relations for Merrill Lynch during the global
financial crisis and through its merger with Bank of America. She
began her career in investment banking in 1997. She has a B.S. in
Mechanical Engineering from Duke University.
Tradeweb Reiterates Full-Year 2021 Guidance*
Tradeweb today reiterates its full-year 2021 guidance previously
updated on July 29, 2021.
- Adjusted Expenses: $565 - $580 million
- Acquisition and Refinitiv Transaction related depreciation and
amortization expense: $124 million
- Assumed non-GAAP tax rate: 22.0%
- Capital expenditures and capitalization of software
development: $49 - $53 million
*GAAP operating expenses and tax rate guidance are not provided
due to the inherent difficulty in quantifying certain amounts due
to a variety of factors including the unpredictability in the
movement of foreign currency rates.
About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator
of electronic marketplaces for rates, credit, equities and money
markets. Founded in 1996, Tradeweb provides access to markets, data
and analytics, electronic trading, straight-through-processing and
reporting for more than 40 products to clients in the
institutional, wholesale and retail markets. Advanced technologies
developed by Tradeweb enhance price discovery, order execution and
trade workflows while allowing for greater scale and helping to
reduce risks in client trading operations. Tradeweb serves
approximately 2,500 clients in more than 65 countries. On average,
Tradeweb facilitated more than $920 billion in notional value
traded per day over the past four quarters. For more information,
please go to www.tradeweb.com.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the federal securities laws. Statements related to,
among other things, our outlook and future performance, including
full-year 2021 guidance, the industry and markets in which we
operate, our expectations, beliefs, plans, strategies, objectives,
prospects and assumptions and future events are forward-looking
statements.
We have based these forward-looking statements on our current
expectations, assumptions, estimates and projections. While we
believe these expectations, assumptions, estimates and projections
are reasonable, such forward-looking statements are only
predictions and involve known and unknown risks and uncertainties,
many of which are beyond our control. These and other important
factors, including those discussed under the heading “Risk Factors”
in documents of Tradeweb Markets Inc. on file with or furnished to
the SEC, may cause our actual results, performance or achievements
to differ materially from those expressed or implied by these
forward-looking statements. Given these risks and uncertainties,
you are cautioned not to place undue reliance on such
forward-looking statements. The forward-looking statements
contained in this release are not guarantees of future performance
and our actual results of operations, financial condition or
liquidity, and the development of the industry and markets in which
we operate, may differ materially from the forward-looking
statements contained in this release. In addition, even if our
results of operations, financial condition or liquidity, and events
in the industry and markets in which we operate, are consistent
with the forward-looking statements contained in this release, they
may not be predictive of results or developments in future
periods.
Any forward-looking statement that we make in this release
speaks only as of the date of such statement. Except as required by
law, we do not undertake any obligation to update or revise, or to
publicly announce any update or revision to, any of the
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210830005538/en/
Media contact Daniel Noonan, Tradeweb +1 646 767 4677
Daniel.Noonan@Tradeweb.com
Investor contact Ashley Serrao, Tradeweb +1 646 430 6027
Ashley.Serrao@Tradeweb.com
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