Tradeweb Markets Inc, a global operator of electronic marketplaces for rates, credit, equities and money markets, has appointed markets veteran Thomas Pluta as its next president.

Tradeweb Markets Inc, a global operator of electronic marketplaces for rates, credit, equities and money markets, has appointed markets veteran Thomas Pluta as its next president.

Pluta will join the firm as president-elect in October and become President on 1 January, 2023, when current president Billy Hult succeeds Lee Olesky as CEO. As previously announced, Olesky will retire as CEO at the end of 2022 and continue as chairman through 2023.

As president, Pluta will work closely with Hult and the rest of the executive management team to set and execute against the firm’s strategic agenda, oversee the day-to-day business and continue to drive a strong culture of collaborative innovation. He will report to Hult. A member of Tradeweb’s board since 2017, Pluta will continue on the board of directors in his new role.

Pluta will join Tradeweb from JP Morgan, where he spent nearly 27 years and was most recently global head of linear rates trading and co-head of North America rates trading.