MarketAxess has appointed Raj Paranandi as chief operating officer of Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC), effective 1 March 2021.
Based in London, Paranandi will have day-to-day operational oversight for EMEA and APAC, including technology and product development, client and account services, data operations, regulatory operations and controls, settlements and middle-office functions.
He will play a leading role in setting the long-term goals for the international business and lead new strategic change management initiatives.
Paranandi will report to Christophe Roupie, head of EMEA and APAC at MarketAxess, and work closely with Chris Concannon, president and chief operating officer at MarketAxess.
Paranandi joins MarketAxess from UBS, where he spent nearly 10 years and most recently served as global co-head of digital transformation for UBS global markets and global head of change for UBS Investment Bank.
He also spent four years as global chief operating officer for foreign exchange, rates and credit at UBS Investment Bank.
Paranandi has also worked as a director for Credit Suisse, head of finance tax and treasury IT for Barclays and manager of financial services for Accenture.
Previous roles include technology and operational leadership roles at Barclays, Credit Suisse and Accenture. He has also served as a board member of the Global Financial Markets Association (GFMA).
Roupie says: “Raj brings with him an impressive record of front-to-back operational leadership and successful strategic transformation.
“His experience in building new business lines and leading major technology and infrastructure change programs will be highly valuable to us as we seek to expand our international business into new markets, sectors and product lines.”
Paranandi adds: “This is a wonderful opportunity to join a market leader that is driving evolution and innovation across global fixed income markets.
“The pace of the firm’s growth, and the many opportunities that its growing portfolio of trading, data and post-trade solutions presents, is outstanding.”
