The Board of Directors of Tradeweb Markets Inc. announced a number of changes to the Board and succession plans for its executive leadership. Tradeweb co-founder and Chief Executive Officer Lee Olesky has been elected Chairman of the Board effective February 11, 2022. Martin Brand has stepped down as Chairman and is leaving the Board after a successful three years in the role.

The Board will fill his vacancy in the coming months. Mr. Olesky will serve as both Chairman and CEO of Tradeweb through 2022, after which he will continue to serve as Chairman through 2023. Director Paula Madoff has been elected as the Board's Lead Independent Director, effective February 11, 2022.