Virtu Financial, Inc. (NASDAQ:VIRT), a leading provider of financial services and products, has announced that Mr. Michael T. Viola has been appointed to succeed Mr. Robert Greifeld, Chairman, who has resigned from Virtu’s Board of Directors.

Michael T. Viola has served on Virtu’s Board of Directors since 2016 and as chair of its Nominating and Corporate Governance Committee since 2019. Mr. Greifeld joined Virtu’s Board of Directors in July 2017 as Chairman, concurrent with Virtu closing its acquisition of KCG Holdings, Inc.

“Bob’s tenure as Chairman included a period of significant growth for Virtu, including our acquisitions of KCG Holdings and ITG, Inc. His leadership has been critical, and we wish him well in his new venture,” said Douglas Cifu, Chief Executive Officer and Co-Founder of Virtu Financial. Mr. Cifu continued, “I look forward to Michael assuming the role of Chairman and continuing to build on our successes as a company.”

“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,” said Vincent J. Viola, Chairman Emeritus and Founder of Virtu.

Michael Viola became a member of Virtu’s Board of Directors in April 2016. He previously served Virtu in a variety of roles since 2011, most recently as a senior trader focused on foreign exchange products and global commodities. Since 2016, Mr. Viola has also served as the President of the Viola family’s private investment office, located in New York City. In addition, Mr. Viola is a member of the Board of Directors of Independent Bank Group, Inc. (NASDAQ:IBTX), multiple private companies, and the Viola Foundation.