Tradeweb Markets has named markets veteran Thomas Pluta as its next president. He 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.
He 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 the culture of the business. 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.
Olesky, currently chairman and CEO of Tradeweb, commented, “Tom Pluta is a superb addition to Tradeweb as the company looks ahead to its next phase of growth. At one point or another, Tom’s relationship with Tradeweb has included client, trader, investor and board member, and that broad perspective will be a great asset to Billy Hult’s leadership team as well as to the board. We wish Tom all the best in his new role.”
Hult said, “Tom Pluta is one of the most experienced, skilled and thoughtful leaders in global financial markets. A veteran trading executive, operator and strategist, he brings the perspective of a longtime client and is also keenly focused on strategic issues such as industry trends, DEI initiatives and the importance of having a strong company culture. Tradeweb is home to a talented group of leaders and we are thrilled to welcome Tom to the team as we position the firm for further growth.”
Pluta added, “Tradeweb has earned an excellent reputation by collaborating with buyside firms, dealers and other market participants and emphasising a client-first approach. Billy and Lee have terrific chemistry as leaders, and that same partner mindset has helped this talented global team deliver a continuous stream of innovations for Tradeweb clients. The firm is a driving force in electronifying markets, and I look forward to helping Tradeweb build on its long track record of success.”