People Moves: Tradeweb, BMLL, State Street & more

A look at some recent people moves in the capital markets tech and data space.

Tradeweb promotes Billy Hult to Chief Executive Officer

Tradeweb Markets, an operator of electronic marketplaces for rates, credit, equities and money markets, has appointed William (Billy) Hult as CEO of Tradeweb Markets, and Thomas Pluta as the company’s president. Both Hult and Pluta will continue on the board of directors. Hult was previously president of Tradeweb, a position he held from 2008 to 2022.

Lee Olesky, formerly chairman and CEO, retired as Tradeweb CEO on December 31, 2022, and

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Firms step up non-compete use to protect tech, data IP

US states are increasingly banning or limiting the use of non-compete contracts, but financial firms are using them more frequently to safeguard proprietary tech and data assets—including the knowledge of the individuals who work on them.

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