Virtu Financial, Inc. has named Aaron Simons as its new
Chief Executive Officer. He will also join the company’s Board of Directors.
Simons replaces Douglas Cifu, who will retire as CEO but remain an advisor to
the company.
For the second quarter of 2025, Virtu Financial reported a
net income of $293 million and total revenues of $999.6 million. Adjusted
EBITDA was $369.4 million, and the company repurchased 1.7 million shares for
$66.3 million. The Board declared a quarterly dividend of $0.24 per share,
payable on September this year.
Virtu Board Confirms Leadership Transition to Simons
The appointment was announced by Virtu’s Board of Directors.
Cifu, a co-founder of Virtu, has led the company since its early stages.
He oversaw its growth through the acquisition of Madison
Tyler, its public listing in 2015, and its later acquisitions of KCG and ITG.
These deals expanded Virtu’s role in global market making and execution
services.
You may find it interesting at FinanceMagnates.com: Virtu
Financial Introduces VTS for Sell-Side Brokers Following Tokyo Stock Exchange
Integration.
Served as Executive VP and CTO
Simons has been with Virtu since 2008. He most recently
served as Executive Vice President and Chief Technology Officer. Before joining
the company, he completed postdoctoral research in theoretical physics.
At Virtu, he worked across trading and technology. As CTO,
Simons managed the company’s technology systems and infrastructure. He also led
the integration of systems following the acquisitions of KCG and ITG.
This article was written by Tareq Sikder at www.financemagnates.com.
