MarketAxess has appointed John Maggiacomo as head of client sales in North America, a newly created position at the firm.
Maggiacomo joins from Royal Bank of Canada (RBC), where he most recently served as head of US credit sales.
During his tenure at RBC, he helped grow the bank’s secondary credit businesses with a focus on leveraged finance.
Elsewhere in his career, Maggiacomo spent 11 years at Bank of America Merrill Lynch, where he served as managing director, credit sales.
“John brings with him extensive fixed income sales experience and strong industry relationships,” said Kevin McPherson, chief revenue officer at MarketAxess.
“I am confident that his deep fixed income product knowledge, including his high yield expertise, strategic vision and leadership will contribute significantly to our success in the region.”
As part of his new role, Maggiacomo will be responsible for sales leadership for MarketAxess’ North American client sales segment, with a focus on expanding its institutional client footprint across all product areas. Based in New York, Maggiacomo will report to McPherson.
Maggiacomo’s appointment follows that of Dan Burke, who was named global head of emerging markets last month. Burke joined MarketAxess from Standard Chartered, where he most recently served as managing director, based in Singapore.
Read more: MarketAxess taps Standard Chartered for new global head of emerging markets
“In today’s rapidly evolving environment of increased electronification and regulation, the opportunity to deliver innovative solutions and differentiated insights to our clients is tremendously exciting,” said Maggiacomo.
“We are eager to continue redefining the playing field, providing a distinct competitive edge to our clients.”