Virtu names Brett Fairclough and Joseph Molluso Co-Presidents and Co-Chief Operating Officers

Maria Nikolova

Mr Molluso will re-join Virtu after a brief period away from the company.

Virtu Financial Inc (NASDAQ:VIRT) today announced the appointments of Brett Fairclough and Joseph Molluso as its Co-Presidents and Co-Chief Operating Officers.

Mr Molluso will re-join Virtu after a brief period away from the company. He 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.

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 Virtu’s Asia Pacific operations from 2014-2019 and was the Chief Compliance Officer of Virtu’s broker-dealer subsidiaries from 2012-2014.

“Since assuming his expanded role last year, Brett has excelled in applying his market knowledge and expertise in driving results at Virtu,” said Douglas Cifu, Chief Executive Officer of Virtu.

“We are very pleased Joe is rejoining Virtu. His significant knowledge of Virtu from his many successful years at the company will allow him to have an immediate impact in his expanded role. Joe will join Brett as Co-President and Co-COO, Steve Cavoli our Global Head of Execution Services and the management team as we work to continue growing our businesses,” said Cifu.

Messrs. Cavoli, Fairclough and Molluso will report directly to Virtu’s CEO, Douglas Cifu.

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