Billy Hult to become new Tradeweb CEO

Dan Barnes

Tradeweb, the rates, credit, equities and money market operator, has announced a number of changes to the board of directors and succession plans for its executive leadership. Tradeweb co-founder and chief executive officer Lee Olesky has been elected chairman of the board effective 11 February, 2022, and will retire as CEO effective 31 December 2022. The board elected Tradeweb president William Hult to be the company’s next CEO, effective 1 January, 2023.

Martin Brand has stepped down as chairman and is leaving the board after three years in the role. The board plans to fill his vacancy in the coming months. Olesky will serve as both Chairman and CEO of Tradeweb through 2022, after which he will continue to serve as chairman through 2023. Director Paula Madoff has been elected as the Board’s lead independent director, effective 11 February 2022.