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IEX Group Leadership

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Brad Katsuyama

Chief Executive Officer

As CEO, Brad oversees both the long-term strategic direction of IEX and its day-to-day management. As a former head risk trader and head of electronic trading at RBC Capital Markets, he is hands-on in the development of the products and services that IEX builds for clients.

Brad was one of the co-founders of IEX in 2012 after their team uncovered ways that the existing stock exchanges were selling high speed technology and data to the detriment of long-term investors.  Brad and his team’s pursuit of a fairer market has been chronicled in Michael Lewis’ book Flash Boys, as well as in outlets ranging from 60 Minutes to the New York Times Magazine and Bloomberg Markets. Brad was honored as part of New York Times Dealbook’s inaugural class of Groundbreakers.

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Paul Bauccio

Business Operations

Driven to promote fair access and transparency in the equity markets, Paul joined IEX in 2015 after 15 years at the New York Stock Exchange where he was Senior Vice President of Market Operations. Paul was responsible for overseeing day-to-day operations of the NYSE Trading Floor and cash equity business. During his time at the NYSE he successfully orchestrated the operational planning and execution of some of the largest IPOs and corporate actions in U.S. capital markets history.

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Claudia Crowley

Chief Regulatory Officer

Claudia oversees IEX’s regulatory compliance programs related to its self-regulatory organization obligations, leads IEX’s SEC rule filing process, and guides IEX on regulatory policy matters. She reports to the Regulatory Oversight Committee of the Investors Exchange Board of Directors.

Prior to joining IEX in 2015, Claudia had extensive experience developing and overseeing complex regulatory programs and managing market structure issues in the exchange space. Previously, Claudia was the CEO of NYSE Regulation and the Chief Regulatory Officer of the New York Stock Exchange and affiliated U.S. exchanges, and more recently provided advisory services to exchanges and financial services firms. She has also served on the CBOE Business Conduct Committee and held a variety of legal and regulatory positions at the American Stock Exchange, including Chief Regulatory Officer.

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Sara Furber

Chief Financial Officer

Sara leads IEX’s finance, accounting, and corporate development efforts, including driving IEX Ventures with an eye toward opportunistically diversifying the business.

Prior to joining IEX, Sara held several senior executive positions at Morgan Stanley, where she was a Managing Director and member of the Management Committee. Previously, Sara was Chief Operating Officer for Global Corporate and Investment Banking at Bank of America Merrill Lynch, after leading Investor Relations for Merrill during the credit crisis and through its merger with Bank of America. Sara started her career in investment banking and has a degree in Mechanical Engineering from Duke University.

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Ramon Gonzalez

Head of System Reliability Engineering

Ramon oversees the team managing the day-to-day operation of IEX’s trading system and the infrastructure behind it, a leadership role he took on after five years at the company. As an early IEX employee, Ramon has touched nearly every aspect of the exchange’s technology, from racking servers to building the trading system itself.

Prior to joining IEX, Ramon was a system reliability engineer at Nasdaq. He holds a B.S. from the New Jersey Institute of Technology in Information Technology.

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Bill Guinan

Head of Business Development

Bill leads business development for the Investors Exchange, working with buyside and sellside users to improve trading performance on IEX.

Previously, Bill spent 14 years at Bernstein, most recently as Head of U.S. Sector Trading. In that capacity, he experienced the execution quality of IEX firsthand from the client side. Prior to that, Bill spent 5 years at RBC Capital Markets/Dain Rauscher Wessels. Bill earned his B.A. in Management from Embry Riddle Aeronautical University while serving in the United States Air Force.

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Kate Gunning

Chief Marketing Officer

Kate leads brand strategy, marketing, and communications for both IEX Group and the Investors Exchange. She is responsible for broadening and amplifying the IEX brand, as well as for expanding awareness of the high quality of trading and liquidity offered on the Investors Exchange and groundbreaking innovations such as IEX Cloud. Kate also partners with Business Development to ensure alignment between the sales and marketing functions.

She joins IEX following six years at J.P. Morgan, most recently as Executive Director, Global Head of Brand for J.P. Morgan Asset Management. There she worked with the organization to build the firm’s first global communications platform and media programs to broaden reach and engagement with the firm. Under her leadership the firm’s brand favorability and loyalty scores hit record highs.

Prior to J.P. Morgan, Kate spent her career at full-service global advertising and communications agencies like WPP/JWT and Dentsu/mcgarrybowen where she developed brand strategies for companies like Nestle’s Kit Kat, Shell Oil, Clarks, Kleenex and Unilever’s Toni and Guy.

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Joe Hipps

Joe is establishing IEX Group’s new independent analytics business, which is dedicated to helping institutional investors and brokers navigate the complicated market landscape and unlock the full value and potential of Big Data.

Joe joined IEX in late 2018 from Trade Informatics, a provider of trading data analysis and systematic trading solutions, where he was a member of the executive team and Head of Client Service and Support. Joe holds an M.B.A. in Analytic Finance from the University of Chicago Booth School of Business and a B.A. from Wake Forest University.

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Boris Ilyevsky

Head of Market Development

Boris is responsible for evaluating new opportunities where IEX’s technology and philosophy could contribute to the development of fairer markets for investors and brokers.

Before joining IEX, Boris spent 17 years at ISE, where he held roles spanning technology, operations and business development, most recently as Managing Director and head of the options business. Over the course of his tenure at ISE, he oversaw the launch and development of two new market centers and models to compete across the equity derivatives space and the launch and growth of ISE’s ETF Ventures business. Boris serves on the Board of Nodal Exchange Holdings, LLC.

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Laurence Latimer

Head of Ventures

Laurence leads IEX Ventures, where he sources, structures and manages new partnerships and initiatives with other innovators committed to solving challenging problems with technology solutions.

Prior to IEX, Laurence founded LGL Growth Consulting International to help clients identify, build, and scale new business initiatives. After starting his post-graduate career as a consultant at McKinsey & Company, he held senior product, operations, and business roles at SunGard and several venture-backed and bootstrapped startups. Laurence has led growth initiatives and new market entry in the U.S., Asia, Latin America, and Sub-Saharan Africa.

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Andrea Ledford

Chief People Officer

As CPO, Andrea shapes and leads IEX’s strategy to develop, retain, and attract top talent. As part of that role, she oversees learning and development, manager training and coaching, and employee engagement programs.

Before joining IEX, Andrea was Executive Vice President, Chief People Officer at NCR Corporation, where she spent 12 years and transformed the internal and external reputation of the company’s people function and supported the company’s corporate strategy. Before NCR she held senior HR positions at companies including Motorola Mobility and Cisco.

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Sophia Lee

General Counsel

Sophia oversees IEX’s legal, compliance, securities, corporate governance, and intellectual property matters. She notably led IEX’s heavily-scrutinized SEC application process to become a licensed national stock exchange, which culminated with IEX’s approval and launch.

Prior to joining IEX, Sophia was deputy general counsel for Liquidnet, where she liaised with global regulators to set up block trading venues around the world and managed all corporate transactions. Previously, she served as associate general counsel at ITG where she managed public company matters, commercial transactions and ITG’s patent portfolio. Sophia began her career at Paul, Weiss where she practiced in the M&A and private equity groups for several years. Sophia received her B.S. in Mechanical Engineering from M.I.T. and her J.D. from NYU Law; she is a registered U.S. patent attorney and a CFA charterholder.

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Rob Park

Chief Technology Officer

Rob oversees the full spectrum of the company’s technology functions, from development to user experience to quantitative strategy.

Before co-founding IEX, Rob was the Head of Global Algorithmic Trading for RBC Capital Markets, where his team was instrumental in the creation of client-facing algorithms and smart order routing strategies. Prior to working at RBC, Rob co-founded Quantera Financial Corp., a proprietary high frequency trading firm that specialized in statistical and machine learning algorithms.

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John Ramsay

Chief Market Policy Officer

John is responsible for developing and communicating IEX’s positions on market policy issues, and engaging with governmental and regulatory authorities and certain IEX stakeholders on those issues. He also acts as IEX’s representative on governing committees with responsibility for various aspects of the national market system, including the securities information processors, the consolidated audit trail, and the Limit Up/Limit Down Plan.

John joined IEX in 2014 from the SEC, where he led the Division of Trading and Markets, the group responsible for regulating broker-dealers and self-regulatory organizations. Previously, he led SEC efforts to implement significant elements of the Dodd-Frank Act. Before the SEC, he held senior positions at the Commodity Futures Trading Commission, the National Association of Securities Dealers (now FINRA), the law firm of Morgan Lewis & Bockius, and Citigroup Global Markets.

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Ronan Ryan

President

Ronan is responsible for strategy and decision-making related to all of IEX’s client-facing businesses. As part of that role, he focuses on building and strengthening relationships with external stakeholders, including broker-dealer members, institutional investors, and companies.

Prior to co-founding IEX, Ronan was the Head of Electronic Trading Strategy at RBC Capital Markets, where he used his prior experience in network, hardware, and co-location technology to generate client-facing solutions. Previously, Ronan was the Head of Financial Services Development at Switch and Data and Head of DMA and Co-location solutions at BT Radianz, a leading network solutions provider.

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John Schwall

Chief Operating Officer

John oversees the full breadth of IEX’s operations, including market operations, market quality, product development, information security, quality assurance, and talent management.

John’s experience prior to co-founding IEX was centered around products for front-office trading functions. He was Global Head of Product Management at RBC Capital Markets, and held several related positions at Bank of America Merrill Lynch. Before joining Bank of America, John built experience in financial services at Grant Thornton and the Pershing Division of DLJ. John is Six Sigma certified.

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Eric Stockland

Chief Strategy Officer

Eric oversees quantitative research and relationships with key client constituencies, guides product strategy, and represents IEX in industry and regulatory policy discussions.

An execution quality and electronic trading expert, Eric joined IEX in 2016 from KCG, where he advised clients on how to manage their orders to minimize market impact and execution costs. He joined KCG’s predecessor company, GETCO, in 2007 as a quantitative trader building valuation models and exchange execution logic for equities and futures. Eric began his career at Archipelago in 2001 (now NYSE ARCA), testing trading and routing algorithms.

IEX Group Board

Lloyd H. Feller

Counsel Morgan, Lewis & Bockius LLP / Former SEC Associate Director

Lloyd Feller is a Counsel at Morgan, Lewis & Bockius LLP, where he focuses on all aspects of securities regulation, with a particular focus on the regulation of broker-dealers, investment banks, and securities markets. Prior to rejoining Morgan Lewis in 2011, Mr. Feller served as Executive Vice President, General Counsel and Secretary of Jefferies Group Inc. and Senior Vice President, Secretary and General Counsel of SoundView Technology Group Inc. and its predecessor Wit Capital. Mr. Feller helped found Morgan Lewis's securities industry practice following his departure from the SEC.

While at the SEC, Lloyd served as an associate director of the SEC's Division of Market Regulation (now Trading and Markets), where he was in charge of the Office of Market Structure and Trading Practices, as well as chief counsel to the Chief Accountant and a legal assistant to two SEC Commissioners. Mr. Feller has served as a two time member of the Legal Advisory Board at the NASD (now FINRA). He has also served on the Market Operations Review Committee of the NASDAQ Stock Market and is a former member of the Nominating Committee for the NASDAQ exchanges. Mr. Feller earned his LL.B. from New York University School of Law and his B.S. in Economics from the University of Pennsylvania.

Alex Finkelstein

General Partner, Spark Capital

Alex Finkelstein is a General Partner at Spark Capital and joined Spark at its inception. He has led Spark's investments in 8D World, GetYourGuide, IEX, Linkwell, Mark43, Privlo, peerTransfer, and Wayfair. Alex also led Spark's previous investment in 5min Media (acquired by AOL). Prior to joining Spark, Alex was the creator and producer of a number of television shows that he sold to major networks, including FOX, E!, Discovery, ITV1 (U.K.) and Yahoo.Previously, Alex was a Principal at Seed Capital Partners, an early-stage venture capital firm that was formed in partnership with Softbank. Before joining Seed Capital Partners, Alex was an Associate at Grandbanks Capital, an early-stage venture capital firm that was also formed in partnership with Softbank. Alex also worked at Cambridge Associates, where he served as a Senior Venture Capital Research Associate and Senior Consulting Associate.

Alex is on the Board of Directors of the Brooke Charter Schools. Brooke is the largest public charter school network in Boston and works on a blind admissions basis. Brooke's students, who come from 78% low-income and 98% minority families, annually achieve the highest MCAS scores for any public school in Boston. Alex is also on the Board of Directors of Youth Cities, a program that introduces high school students to social entrepreneurship. Mr. Finkelstein holds a B.A. in political science from Middlebury College.

Michael Lynton

Chairman of the Board, Snap Inc. / Former CEO, Sony Entertainment

Michael Lynton served as the CEO of Sony Entertainment from April 2012 until February 2017, overseeing Sony’s global entertainment businesses, including Sony Music Entertainment, Sony/ATV Music Publishing and Sony Pictures Entertainment. Michael also served as Chairman and CEO of Sony Pictures Entertainment since January 2004. Prior to joining Sony Pictures, he worked for Time Warner and served as CEO of AOL Europe, President of AOL International and President of Time Warner International.

Michael currently serves on the Board of Snap, Inc. and Ares Management, L.P. He is also a member on the Council on Foreign Relations and the Harvard Board of Overseers and serves on the boards of the Los Angeles County Museum of Art, the USC School of Cinematic Arts and the Rand Corporation. Michael holds a B.A. in History and Literature from Harvard College, where he also received his M.B.A.

Brad Katsuyama

Chief Executive Officer, IEX

Rob Park

Chief Technology Officer, IEX

Ronan Ryan

President, IEX

John Schwall

Chief Operating Officer, IEX

Investors Exchange Board

These are the members of the Board of Directors of the Investors Exchange.

See our Investors Exchange Board members

Buy-Side Trading Advisory Committee

The IEX Buy-Side Trading Advisory Committee ("TAC" or the "Committee") was established to bring together representatives of a diverse group of buy-side institutional investors and asset owners for the purpose of better informing IEX policy in terms of their impact on these stakeholders, and to evaluate the impact of potential or proposed regulatory changes.

Sell-Side Quality of Markets Committee

The IEX Sell-Side Quality of Markets Committee ("QMC" or the "Committee") provides guidance to IEX on policy, market structure, and product initiatives related to IEX, the national market system, the trading community, and investors.

See our Investors Exchange advisory groups