Iain Baillie to step down as head of MarketAxess Europe

Source: MarketAxess

MarketAxess Holdings (Nasdaq: MKTX), the operator of a leading electronic trading platform for US and European high-grade corporate bonds, emerging markets bonds and other types of fixed income securities, today announced that Iain N. Baillie will step down as Head of MarketAxess Europe, effective December 29, 2006.

"When I joined MKTX almost four years ago, my mandate was to establish a leadership position in e-credit for our business here in Europe," said Mr Baillie. "Having accomplished this goal, I am looking forward to transitioning to an advisory role for MarketAxess, while we jointly pursue new business opportunities."

Mr Baillie has been Head of MarketAxess Europe since March 2003. A successor has not yet been named.

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