Management

Douglas Cifu, Chief Executive Officer

Douglas Cifu is the Chief Executive Officer of Virtu Financial and was a co-founder of Virtu in 2008. Previously, he was a partner at the international law firm Paul, Weiss, Rifkind, Wharton & Garrison. At Paul Weiss, Mr. Cifu served as a member of the Management Committee, Deputy Chair of the Corporate Department and co-head of the Private Equity Group.

He is recognized in Chambers USA and Legal 500 as a leading mergers and acquisitions lawyer for buyouts and private equity transactions. In 2006, Private Equity International listed him among the 30 most influential lawyers currently working in global private equity, citing his expertise in technology-driven sectors. He has been recognized by Crain’s New York Business in its “Technology 100,” a listing of the top 100 people working in technology in the New York area.

He serves on the board of directors of the U.S. Chamber of Commerce and the board of visitors of Columbia College at Columbia University.

Mr. Cifu earned his J.D. at Columbia Law School in 1990 and his B.A. magna cum laude from Columbia University in 1987.

Rob Boardman, CEO Virtu Execution Services, EMEA

Rob Boardman is the CEO of Virtu Execution Services, EMEA. Mr. Boardman’s career began in 1994 at Goldman Sachs, where he filled various roles in deploying trading technology to institutional clients before joining ITG in 2006. He was a founding member of the European FIX Protocol organization in the late 1990s, when standards for electronic trading were formed; he was global head of its marketing working group in 2001. 

Mr. Boardman earned undergraduate and postgraduate degrees in particle physics at the University of Oxford, where he participated in the Sudbury Neutrino Observatory scientific collaboration.

Stephen Cavoli, EVP, Head of Execution Services, US and Latin America

Steve Cavoli is Executive Vice President, Head of Execution Services, US and Latin America. He joined Virtu in 2015 from Morgan Stanley where he had worked since 2004; he previously worked at Instinet. Mr. Cavoli graduated from the US Military Academy at West Point in 1992 and served nearly eight years as an infantry officer.

Brett Fairclough, Chief Operating Officer and Global Head of Business Development

Brett Fairclough is the Chief Operating Officer and Global Head of Business Development at Virtu Financial, where he has worked since 2007. He was the Managing Director of Asia Pacific operations 2014-19 and the Chief Compliance Officer of Virtu’s broker dealers 2012-14. He has also worked closely with exchanges and other industry participants to foster the growth and development of securities markets globally.

Mr. Fairclough graduated from the University of California at Los Angeles.

Robert Greifeld, Chairman

Robert Greifeld, Virtu’s Chairman, is a co-founder of North Island Ventures and was CEO of the Nasdaq Stock Market 2003-16 and its Chairman 2016-17. During his tenure, he led Nasdaq through a series of complex, innovative acquisitions that extended the company’s footprint from a single U.S. equity exchange to a global exchange and technology solutions provider, nearly quadrupling revenue, growing annual operating profits by more than 24 times and achieving a market value of over $11 billion.

Mr. Greifeld is a member of the Business Roundtable and the Partnership for New York City, an organization devoted to enhancing the local economy. He is founder and Chairman of the USA Track & Field Foundation, which supports emerging athletes and inner city youth athletics.

He holds a master’s in business from New York University, Stern School of Business, and a B.A. in English from Iona College.

Alex Ioffe, EVP and Chief Financial Officer

Alex Ioffe is the Executive Vice President and Chief Financial Officer of Virtu Financial. Prior to joining Virtu, he was the Chief Financial Officer of the U.S. broker-dealer subsidiary of Interactive Brokers Group, Inc. Mr. Ioffe has almost 20 years of experience within the electronic brokerage industry and over 25 years’ experience in financial leadership roles.

Mr. Ioffe 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.

Kevin O’Connor, Head of Analytics and Workflow Solutions

Kevin O’Connor is the Head of Analytics and Workflow Solutions. Prior to joining ITG in 2005, Mr. O’Connor was a consultant focusing on financial services technology and, before that, worked in fixed income for Deutsche Bank and GE Asset Management.

Mr. O’Connor holds a B.A. in economics and computer science from Colgate University.

Etienne Phaneuf, CEO of Virtu Execution Services, Canada, and Global Portfolio Trading

Etienne Phaneuf is the CEO of Execution Services, Canada, and Global Portfolio Trading. He joined ITG in 2000 as a portfolio trader and has been responsible for all client-facing teams, was heavily involved in product decisions, and set strategy for sales efforts and client coverage teams in Canada. Previously, he worked at TD Securities as a trader, and began his career at Canada Trust Securities in trading and quantitative analysis.

Mr. Phaneuf holds a bachelor’s degree in mathematics from the University of Waterloo.

Andrew Smith, SVP, Head of Investor Relations and Corporate Strategy

Andrew Smith joined Virtu in 2009 and has been Head of Investor Relations and Corporate Strategy since 2015, working to help grow and scale Virtu’s global market-making businesses. His responsibilities include analyzing the market structures of the global FX and Americas equity and futures markets; advancing and distributing Virtu’s customized liquidity offerings; expanding relationships with banks’ trading desks, exchanges, dark pools, counterparties and brokers; evaluating new technologies; and navigating potential benefits and challenges of new regulation. Mr. Smith is also a member of Virtu’s management committee. 

Previously, he was a senior associate at L.E.K. Consulting, working on business development, venture analysis, product launch strategy design/development, and process improvement.

Mr. Smith earned a B.S. in accounting from the Marriott School of Management at Brigham Young University.