| Richard M. McVey | |
| Birth Date: | 2 July 1959 |
| Birth Place: | Painesville, Ohio, US |
| Alma Mater: | Miami University (Ohio); Kelley School of Business at Indiana University |
| Occupation: | Chairman and CEO of MarketAxess |
| Spouse: | Lara Spencer (m. 2018) |
| Children: | 3 |
Richard Mitchell McVey[1] (born January 2, 1959, in Painesville, Ohio[2] [3])is an American entrepreneur who is chairman and chief executive officer of MarketAxess, which operates an electronic trading platform for corporate bonds and other fixed-income products.[1] McVey has led MarketAxess since he founded the company in April 2000.
McVey grew up in a suburb of Cleveland, where his father ran an oil company and was an active stock investor.[2]
McVey attended Miami University (Ohio) as a member of the Phi Gamma Delta Fraternity, where he received a B.A. degree in finance,[4] and then received an MBA from the Kelley School of Business Indiana University in 1983.[3]
In 1991, McVey was hired by JP Morgan, and ran the North America Futures and Options Business, including institutional brokerage, research, operations, finance and compliance. There he rose to become a managing director. In 1995, McVey relocated to New York and moved into fixed income, to run JP Morgan's North American Fixed Income Sales,[3] managing the institutional distribution of fixed-income securities to investors until 2000.[5]
McVey along with Richard Schiffman, founded MarketAxess in April 2000 and is chairman and chief executive officer.[6] He originally proposed the business model for MarketAxess in 1999 as part of J.P. Morgan's Lab Morgan program, which was designed to back executives’ ideas for using web-based technology. He launched the company as an independent venture in 2000, after leading an initial funding round which raised $24 million in capital from JP Morgan and other market participants including Bear Stearns.[2] In November 2004 he led the company's initial public offering.[6]
On September 1, 2018, McVey married Lara Spencer, co-anchor for Good Morning America, in Vail, Colorado.[7] They had previously announced their engagement in January 2018. McVey has three daughters from a previous marriage.[8]
In 2020, he donated $20 million to Miami University for the construction of a data science building named after him, expected to be completed in January 2024.[9]
In 2024, he donated $10 million to Colby College for the construction of a computational and data science building named after him.[10]