Ex-RBC head of US credit score gross sales joins MarketAxess as North American head of consumer gross sales

MarketAxess has appointed John Maggiacomo as head of consumer gross sales in North America, a newly created place on the agency.

Maggiacomo joins from Royal Financial institution of Canada (RBC), the place he most lately served as head of US credit score gross sales.

Throughout his tenure at RBC, he helped develop the financial institution’s secondary credit score companies with a concentrate on leveraged finance.

Elsewhere in his profession, Maggiacomo spent 11 years at Financial institution of America Merrill Lynch, the place he served as managing director, credit score gross sales.

“John brings with him intensive fastened earnings gross sales expertise and powerful trade relationships,” mentioned Kevin McPherson, chief income officer at MarketAxess.

“I’m assured that his deep fastened earnings product information, together with his excessive yield experience, strategic imaginative and prescient and management will contribute considerably to our success within the area.”

As a part of his new position, Maggiacomo might be answerable for gross sales management for MarketAxess’ North American consumer gross sales section, with a concentrate on increasing its institutional consumer footprint throughout all product areas. Based mostly in New York, Maggiacomo will report back to McPherson.

Maggiacomo’s appointment follows that of Dan Burke, who was named world head of rising markets final month. Burke joined MarketAxess from Normal Chartered, the place he most lately served as managing director, based mostly in Singapore. 

Learn extra: MarketAxess faucets Normal Chartered for brand new world head of rising markets

“In at the moment’s quickly evolving atmosphere of elevated electronification and regulation, the chance to ship progressive options and differentiated insights to our shoppers is tremendously thrilling,” mentioned Maggiacomo.

“We’re wanting to proceed redefining the enjoying subject, offering a definite aggressive edge to our shoppers.”