Pluta To Head Tradeweb Markets
Posted by Colin Lambert. Last updated: July 14, 2022
Thomas Pluta, who recently left JP Morgan after 27 years with the firm, has been named the next president of Tradeweb Markets.
Pluta, who has managed FX and Rates teams at JPM over his tenure there, left as global head of linear rates trading and co-head of North America Rates trading, will take up the role from 1 January 2023, following the appointment of current president Billy Hult to the role of CEO following the retirement of Lee Olesky.
The firm says 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 a strong culture of collaborative innovation. He will report to Hult and continue to sit on the board of directors which he joined in 2017.
“Tom Pluta is a superb addition to Tradeweb as the company looks ahead to its next phase of growth,” says Olesky. “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 adds, “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 long-time client and is also keenly focused on strategic issues such as industry trends, DEI initiatives and the importance of having a strong company culture.”
For his part, Pluta says, “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.”