Virtu Financial, Inc., a provider of financial services and products, has announced the selection of Michael T. Viola as the new chairman.
Robert Greifeld has stepped down from the board of directors and will now pursue other ventures, such as the founding of Cornerstone, an investment fund dedicated to financial technology, and roles in other financial and charitable institutions. Viola has taken his place.
Chairman Emeritus and Founder of Virtu Financial, Vincent J. Viola, said:
Having Bob as Chairman during this period of time at Virtu has been enormously beneficial to the Board and Management team of Virtu. Michael has my complete confidence and I look forward to him assuming the role of Chairman.
Robert Greifeld. Mr. Greifeld, added:
It has been a distinct pleasure to have worked with the Board and Management team over the past six years. I have always been an admirer of Vinnie, Doug, and Michael and I leave with lifelong friends, and I am incredibly optimistic about the future of Virtu. I will continue to serve as Chairman of USATF Foundation, the Cornerstone entities and Run Gum and as a board member of Financeware LLC, Capital ROCK LLC, and Runway Growth Finance.
Viola has been a part of Virtu Financial board of directors since April 2016. Before that, he had been working in numerous roles with the company since 2011. His most recent role was as a senior trader dealing with foreign exchange and commodities.
In 2016, Viola also assumed presidency of his family’s private investment office in New York. In addition, he is a board member of Independent Bank Group, Inc., a few private companies, and the Viola Foundation.
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