Virtu Financial announces new executive hires

Virtu Financial Inc (NASDAQ:VIRT) today announced new executive hires and changes to its leadership team.

Brett Fairclough has been promoted to Chief Operating Officer and Global Head of Business Development at Virtu, where he has worked since 2007. He led Virtu’s Asia Pacific operations from 2014 to 2019 and was the Chief Compliance Officer of Virtu’s broker-dealer subsidiaries from 2012 to 2014. In his previous roles, he worked closely with exchanges and other industry participants to foster the growth and development of securities markets globally. Mr. Fairclough attended the University of California at Los Angeles.

Alex Ioffe will be joining Virtu as its Chief Financial Officer, effective September 30, 2019. He will succeed Joseph Molluso, Virtu’s current Chief Financial Officer since 2013, who has decided to depart Virtu following a transition period in order to pursue other interests.

Alex Ioffe has almost 20 years of experience within the electronic brokerage industry and more than 25 years of experience in financial leadership roles, including most recently as the Chief Financial Officer of the US broker-dealer subsidiary of Interactive Brokers Group, Inc. He previously served in senior financial roles at Datek and Bertelsmann and as an information technology consultant at Accenture. Mr. Ioffe attended Lehigh University and earned an M.B.A. from Columbia University.

Further, Marc Rosenthal joins Virtu’s executive team as Executive Vice President of Strategy and Corporate Development. Before joining Virtu, he was a Managing Director in Morgan Stanley’s Equity Division and a senior member of the electronic trading management team. During his more than 22 years at Morgan Stanley, his responsibilities included MS’s global liquidity strategy across its global venues and managing several of MS’s successful strategic investments. Mr. Rosenthal attended Yeshiva University.

Finally, Hyungtaek (Henry) Kim has been promoted to Chief Accounting Officer. He has worked at Virtu since 2011, serving in roles of increasing responsibility, including Financial and Operations Principal of Virtu’s broker-dealer subsidiaries. Mr. Kim attended Lehigh University and received an M.B.A. from Columbia University.

“These appointments and new hires are a testament both to Virtu’s deep bench of internal talent and our ability to retain and attract industry leaders,” said Virtu’s Chief Executive Officer, Douglas A. Cifu. “As Virtu executes on its mission to deliver valuable trading products and services across its multi-asset global platform, the strengthening of our executive team enables us to expand our reach while maintaining the operational excellence necessary to drive our business to new heights.”