Experienced financial services executive Amy
Clack to join as Chief Administrative Officer, help scale
Tradeweb’s ongoing growth and expansion
President Thomas Pluta to leave the company as
part of organizational changes
Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator
of electronic marketplaces for rates, credit, equities and money
markets, today announced organizational changes as it works to
optimize its operations for continued growth.
Amy Clack will join Tradeweb in August 2024 as Chief
Administrative Officer (CAO) and as a member of the Executive
Committee, where she will oversee operations, business integration,
risk and corporate services. With more than 25 years of experience
in senior operations and strategy roles, Ms. Clack joins Tradeweb
from Wells Fargo’s Corporate and Investment Banking unit, and prior
to that, she served as Chief Operating Officer for Investment
Banking and Capital Markets at Credit Suisse. As Tradeweb CAO, Ms.
Clack will work closely with the other members of the leadership
team to accelerate the company’s strong progress and momentum. To
date in 2024, Tradeweb has surpassed numerous growth milestones,
including record trading volumes, share gains in many products, and
Q1 revenues. Tradeweb opened two new offices in Dubai and Miami and
will expand into a fourth client channel when it closes its
acquisition of ICD – its third announced acquisition in the past
year.
Tradeweb CEO Billy Hult commented: “With our strong momentum, we
are focused on enhancing our operational structure and capabilities
to support our ongoing business and geographic expansion. To that
end, we are pleased to welcome Amy Clack to the team as CAO. Amy
brings a wealth of relevant expertise in driving best-in-class
global operations and acquisition integration, making her ideally
suited to help accelerate our progress. I look forward to working
with her and the rest of our talented leadership team to further
scale our business, integrate our numerous acquisitions, and
continually improve our ability to serve our client network.”
As part of these organizational changes, Tradeweb also announced
that President Thomas Pluta will leave the Company and its Board of
Directors, effective September 30, 2024. Mr. Hult said, “I want to
thank Tom for his contributions to Tradeweb’s growth and for his
service to the Board. We wish him well in his next chapter.”
In the near term, the company’s U.S. institutional teams will
report to Enrico Bruni, Head of Europe and Asia Business, and its
wholesale and retail teams will report to Mr. Hult.
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 50 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 more
than 2,500 clients in more than 70 countries. On average, Tradeweb
facilitated more than $1.5 trillion in notional value traded per
day over the past four fiscal 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, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240620346246/en/
Media contacts: Daniel Noonan, Tradeweb +1 646 767 4677
Daniel.Noonan@Tradeweb.com
Investor contacts: Ashley Serrao, Tradeweb +1 646 430
6027 Ashley.Serrao@Tradeweb.com
Sameer Murukutla, Tradeweb +1 646 767 4864
Sameer.Murukutla@Tradeweb.com
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