Virtu Financial, Inc. Announces Appointments of Co-Presidents and Expansion of Management Team
May 04, 2020 at 08:30 am EDT
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Virtu Financial, Inc. announced it has appointed Mr. Brett Fairclough and Mr. Joseph Molluso as Co-Presidents and Co-Chief Operating Officers of Virtu Financial. Mr. Molluso will re-join Virtu after a brief period away from the company. Mr. Fairclough was promoted to Chief Operating Officer and Global Head of Business Development at Virtu in September of 2019, where he has worked since 2007. He led Asia Pacific operations from 2014-2019 and was the Chief Compliance Officer of Virtu’s broker-dealer subsidiaries from 2012-2014. Mr. Molluso rejoins Virtu after having served as its Chief Financial Officer from 2013 until October 2019. Mr. Molluso provided overall leadership to Virtu and played a key role in Virtu’s Initial Public Offering as well as the successful acquisitions and integrations of KCG Holdings, Inc. and Investment Technology Group, Inc.
Virtu Financial, Inc. is a financial services company that leverages technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. The Company's segments include Market Making and Execution Services. The Market Making segment principally consists of market making in the cash, futures, and options markets across global equities, fixed income, currencies, cryptocurrencies, and commodities. The Execution Services segment offers agency execution services and trading venues that provide trading in global equities, exchange traded funds, fixed income, currencies, and commodities to institutions, banks and broker dealers. The Company's integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools. It provides a product suite, including offerings in liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology.