Virtu Financial appoints Virginia Gambale as independent director

Maria Nikolova

Ms Gambale, who brings more than 25 years’ experience in senior leadership positions in finance and technology, will serve as an independent member of the Board.

Virtu Financial Inc (NASDAQ:VIRT) has announced the appointment of Virginia Gambale as an independent director, effective immediately. She was recommended as a nominee to the Board by the Board’s Nominating and Corporate Governance Committee.

Ms Gambale has more than 25 years of experience in senior leadership positions in finance and technology, including serving as Chief Information Officer at Merrill Lynch, Bankers Trust and Deutsche Bank, as well as leadership roles in private equity and venture capital firms.

She currently serves as Managing Partner & Founder of Azimuth Partners, LLC, a strategic advisory firm specializing in technology innovation. She has served on numerous international public and private boards including JetBlue, Piper Jaffray, Synchronoss Technologies, Motive, Workbrain and IQ Financial, among others. Ms Gambale holds a B.S. from New York Institute of Technology-Old Westbury.

Ms Gambale will be compensated for her service as non-employee director. In connection with her election to the Board, Virtu has entered into an indemnification agreement with Ms Gambale. The indemnification agreement provides, in general, that the company will indemnify Ms Gambale to the fullest extent permitted by law in connection with her service to the company or on the company’s behalf.

Following the appointment of Ms Gambale, the Board of Virtu consists of twelve directors. The company says it may add one or more new directors as business needs and opportunities arise.

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