|Real Name/Full Name||Richard Mitchell McVey|
|Nick Name/Celebrated Name:||Rick Mcvey|
|Birth Place:||Ohio, USA|
|Date Of Birth/Birthday:||1 january 1959|
|Age/How Old:||64 years old|
|Height/How Tall:||In Centimetres – 174 cm
In Feet and Inches – 5′ 8″
|Weight:||In Kilograms – 75 Kg
In Pounds – 165 lbs
|Parents Name:||Father – N/A
Mother – N/A
|Wife/Spouse Name:||Lara Spencer|
|Profession:||Entrepreneur, chairman and CEO of MarketAxess.|
|Net Worth:||$650 Million|
|Last Updated:||September 2023|
Rick Mitchell McVey is an American entrepreneur who is the chairman and CEO of MarketAxess, an electronic exchange site for corporate bonds and other fixed-income securities. Since founding MarketAxess in April 2000, McVey has served as its CEO for the past 18 years.
MarketAxess has made a number of technological advancements in order to improve the transparency and liquidity of global credit markets. Investor-to-multi-dealer and all-to-all electronic trading solutions are among the company’s new and ground-breaking trading methods for linking bond buyers and sellers. MarketAxess has been granted 13 patents in the field of trading technology.
Well, how well do you know about Richard McVey? If not much, we have compiled all you need to know about Richard McVey’s net worth in 2023, his age, height, weight, wife, kids, biography and complete details about his life. Well, if you’re all set, here is what we know about Richard McVey to date.
Biography and Early Life
McVey grew up in a Cleveland suburb where his father owned an oil firm and was a stock holder.
Age, Height, Weight & Body Measurement
So, how old is Richard McVey in 2023 and what is his height and weight? Well, Richard McVey’s age is 64 years old as of today’s date 24th September 2023 having been born on 1 january 1959. Though, he is 5′ 8″ in feet and inches and 174 cm in Centimetres tall, he weighs about 165 lbs in Pound and 75kg in Kilograms.
McVey earned a B.A. in finance from Miami (Ohio) University and an MBA from Indiana University’s Kelley School of Business in 1983.
Personal Life: Dating, Girlfriends, Wife, Kids
McVey married Lara Spencer, a Good Morning America co-anchor, in Vail, Colorado on September 1, 2018. In January of this year, they declared their engagement. From a previous engagement, McVey has three children.
Is Rick Mcvey Gay?
No, he is not gay. In his entire life, he has never been reported to be in the same sex relationship. Going with his current relationship where he is married to his wife Spenser, we can conclude he is a straight man.
JP Morgan employed McVey to manage the North America Futures and Options Business, which included retail brokerage, analysis, logistics, financing, and compliance, in 1991. He rose through the ranks to become the managing director of the company. McVey moved to New York in 1995 to manage JP Morgan’s North American Fixed Income Operations, where he was responsible for the retail delivery of fixed-income assets to clients until 2000.
Since its inception, Richard M. McVey has served as Chief Executive Officer and Chairman of the MarketAxess Board of Directors. Mr. McVey was instrumental in the creation of MarketAxess in April 2000, as an employee of J.P. Morgan & Co., one of their founding broker-dealers.
Mr. McVey was Managing Director and Head of North America Fixed-Income Trading at J.P. Morgan prior to founding MarketAxess, where he supervised the retail delivery of fixed-income securities to clients. Mr. McVey managed MarketAxess through its initial public offering (IPO) in 2004 and has since become one of the fastest-growing financial technology firms in the United States public markets, with industry-leading cumulatives.
Mr. McVey has been elected to the Institutional Investor Tech 40 list 15 times and was named the Ernst & Young National Entrepreneur of the Year for financial services in 2012. Mr. McVey serves on the Fixed Income Market Structure Advisory Committee of the Securities and Exchange Commission (SEC), where he heads the Infrastructure and Electronic Trading SubCommittee. Mr. McVey is a member of the Miami (Ohio) University Foundation Board of Directors as well as the Colby College Board of Trustees. He formerly worked on the board of directors of Blue Mountain Credit Alternatives L.P., an asset management firm that specializes in credit and equity derivatives.
Mr. McVey graduated from Miami (Ohio) University with a B.A. in finance and Indiana University with an M.B.A. Mr. McVey’s experience as one of our pioneers and as our Chief Executive Officer for over 20 years has given him a thorough understanding of all facets of MarketAxess’ industry and activities. Mr. McVey’s vast expertise in the financial services industry, including important managerial positions at J.P. Morgan, has provided the Organization with a deep understanding of the financial markets we represent and the institutions and dealers that are our customers.
McVey has had a lot of experience in the stock market and has made a number of trades in the stock market. According to the Form 4 filed with the SEC, Richard has made over 78 trades in MarketAxess stock since 2004. On March 15, 2021, he sold 20,000 units of MKTX stock worth $10,376,000. On 3 May 2012, he exercised 888,889 units of MarketAxess stock worth over $2,400,000, which was the biggest transaction he’d ever made. Since 2004, Richard has traded 27,165 units on average every 45 days. He currently holds at least 766,073 MarketAxess shares as of March 15, 2021.
Mcvey was named in the 2016’s Top 50 Institutional Investors in Technology which provides nominations and input from industry leaders and specialists. Ernst & Young named him National Entrepreneur of the Year for Financial Services in 2012.
The Ernst & Young Entrepreneur of the Year program has honoured the efforts of outstanding men and women who develop the goods and services that keep our global economy humming.
Net Worth, Salary & Earnings of Rick Mcvey in 2023
Richard McVey’s net worth is estimated to be at least $650 Million as of 2023. McVey owns over 20,000 units of MarketAxess stock worth over $381,443,068 and has sold MKTX stock worth over $202,056,761 over the last 16 years. In addition, as Chairman of the Board and Chief Executive Officer of MarketAxess, he raises $3,222,710.
Some Interesting Facts You Need To Know
- Since 2006, Richard McVey has served as Chairman of the Board and Chief Executive Officer of MarketAxess. At MarketAxess, there are 5 senior executives and 11 junior executives.
McVey has emerged as one of the top businessmen in the USA with successful strides in his numerous business ventures. He is a role model for many aspiring businessmen and entrepreneurs.