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. In 2020, he was recognized as the #3 top FinTech CEO by The Financial Technology Report.

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 where he was also elected as a member of Phi Beta Kappa.

Stephen Cavoli, EVP, Global Head of Execution Services

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, Co-President and Co-Chief Operating Officer

Brett Fairclough is a Co-President and Co-Chief Operating Officer at Virtu Financial, where he has worked since 2007. He was the Managing Director of Asia Pacific operations from 2014 to 2019 and the Chief Compliance Officer of Virtu’s broker dealers from 2012 to 2014. 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.

Joe Molluso, Co-President and Co-Chief Operating Officer

Joe Molluso is Co-President and Co-Chief Operating Officer of Virtu. Mr. Molluso joined Virtu in 2013 as Chief Financial Officer. After a brief departure in 2019 to serve as Chief Financial Officer of Capitolis, Mr. Molluso rejoined Virtu in 2020. During his tenure at Virtu, Mr. Molluso has been responsible for all aspects of Virtu's finances, operations and day-to-day management. He played a central role in Virtu's completed merger and integration of KCG Holdings and ITG as well as its Initial Public Offering in 2015.

Prior to joining Virtu, Mr. Molluso was a Managing Director for J.P. Morgan in the Investment Banking Department. Mr. Molluso joined J.P. Morgan in 2006. As an investment banker, Mr. Molluso provided strategic advice to financial institutions with a focus on market structure related companies. Mr. Molluso has advised on many of the landmark transactions among global exchanges and clearing firms. Prior to J.P. Morgan, he was an investment banker specializing in financial services companies at DLJ and its successor, Credit Suisse, where he helped establish the global financial technology group. Mr. Molluso received a MBA from New York University.

Sean Galvin, Chief Financial Officer

Sean Galvin is Chief Financial Officer. Sean has more than 30 years of experience in the accounting and financial services fields and previously served as the Chief Financial Officer of KCG Holdings, Inc., the Chief Accounting Officer of BGC Partners, Inc., and in various other senior finance roles with Virtu, KCG Holdings Inc. and Knight Capital Group, Inc. (“Knight”). Prior to joining Knight in 2000, Sean was a Vice President at Donaldson, Lufkin & Jenrette. Sean also worked at PwC, beginning as an Audit Staff Accountant and transitioning to Senior Tax Manager. Mr. Galvin earned a Master of Science in Taxation from Fordham University as well as a Bachelor of Science in Accounting and Information Systems with a minor in Economics from Queens College, CUNY. Mr. Galvin is a Certified Public Accountant.

Aaron Simons, EVP, Chief Technology Officer

Aaron Simons is Executive Vice President and Chief Technology Officer of Virtu Financial. He joined Virtu in 2008 after leaving postdoctoral research in theoretical physics, and has worked in many areas of both trading and technology within the firm. Aaron earned a BS in Mathematics from Caltech in 2002 and a PhD in Physics from Harvard in 2007.

Marc Rosenthal, EVP, Strategy and Corporate Development

Marc Rosenthal is Executive Vice President, Strategy and Corporate Development. Prior to joining Virtu, Marc 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, Marc’s responsibilities included global liquidity strategy across the firm’s global venues and managing several of Morgan Stanley’s successful strategic investments. Mr. Rosenthal attended Yeshiva University.

Deborah Belevan, SVP, Investor Relations and Communications

Deborah Belevan is the head of Investor Relations and Corporate Communications for Virtu Financial. Prior to Virtu, she was the head of investor relations for Hudson Group, North America’s largest travel retailer, and Party City, participating in both companies’ IPO’s, serving as key spokesperson and leading the IR strategy.

Before this, Deborah was the Director of Investor Relations at Interactive Brokers from 2008-2015, where she also served as an Institutional Sales Representative, targeting hedge fund and financial advisors. Prior to this she headed the Accounting & Financial Analysis Practice at Gerson Lerman Group, a global marketplace for expertise, and earlier, she served as the Manager of Investor Relations for Meridian Gold, a gold mining company. She holds an MBA, IRC and is a Certified Public Accountant and started her career at Ernst & Young.

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.

Jessica Morrison, CEO Virtu Execution Services, APAC

Jessica Morrison is the CEO of Virtu Execution Services, APAC and Head of Execution Services in the region. She joined Virtu in June 2020 from Morgan Stanley where she served as the Executive Director and Head of Execution Services Sales. Prior to this, she served as the Director and Head of APAC Market Structure and Commission Management at Deutsche Bank. Jessica holds a MA in Law from Cambridge 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.

Andrew Smith, SVP, Global Business Development and Corporate Strategy

Andrew Smith joined Virtu in 2009 and leads Global Business Development and Corporate Strategy, 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. He also previously headed investor relations since the Company’s 2015 IPO. 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.

Justin Waldie, SVP, General Counsel and Corporate Secretary

Justin Waldie serves as Senior Vice President, General Counsel and Corporate Secretary for Virtu Financial. He joined the company in 2011, prior to which he was an associate at the international law firm Milbank LLP where he served in the finance practice group. Mr. Waldie received a J.D. from Columbia Law School and a B.A. from the University of Chicago.

Ian Williams, , CFA, CEO, Virtu Canada

Mr. Williams has been with Virtu Financial for 14 years and has more than 25 years’ experience in the brokerage and investment industry. He is CEO of Virtu Canada and previously held the position of Head of US Execution Services, ITG Inc. Prior to joining Virtu, Mr. Williams was President at Perimeter Markets Inc., a company that operated institutional and retail alternative marketplaces that provided electronic equity and fixed income trading services in Canada. At TD Asset Management, Toronto-Dominion Bank, Mr. Williams held portfolio management, trading, and risk management positions.

He holds a BA in Economics from York University, Toronto, and a Chartered Financial Analyst designation.