MarketAxess Holdings Inc. (NASDAQ: MKTX) has announced the appointment of Dan Burke as Global Head of Emerging Markets (EM). In this role, Mr. Burke will oversee the development and execution of the company’s business strategy in both hard currency and local EM markets, spearheading the expansion of MarketAxess’ trading business across various geographies and products.
Raj Paranandi, Chief Operating Officer for EMEA & APAC at MarketAxess, expressed enthusiasm about Burke’s appointment, noting his extensive experience and dealer perspective, which are particularly valuable as electronic trading becomes increasingly prevalent in emerging markets. “Dan brings a wealth of Emerging Markets experience and a valuable dealer perspective to MarketAxess at a time when adoption of and appetite for electronification of the asset class has grown significantly. There is still much more that MarketAxess can and will do to drive greater liquidity and efficiency for both investors and dealers internationally. I look forward to watching this area grow under Dan’s leadership,” Paranandi stated.
Before joining MarketAxess, Mr. Burke served as Managing Director at Standard Chartered in Singapore and London, where he was the Global Head of Electronic and Algo Trading. There, he was instrumental in automating the firm’s credit offering and initiating its entry into algorithmic market making and portfolio trading. Mr. Burke’s prior roles include senior credit trading positions at Deutsche Bank in Singapore and Bank of America Merrill Lynch in Tokyo and Hong Kong.
Reflecting on his new role, Mr. Burke said, “I’m delighted to be joining MarketAxess, a leading solution for Emerging Markets trading, and a platform that I have been a client of for over 20 years. MarketAxess is well positioned to accelerate the delivery of innovative solutions in Emerging Markets globally, and I look forward to partnering with all market participants to take our offering to the next level.”
Mr. Burke is based in London and reports directly to Raj Paranandi.
