Sean Galvin Becomes Virtu Financial’s New CFO

Virtu Financial Inc., a provider of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term to the global financial markets, has announced the appointment of Sean P. Galvin as its new chief financial officer today.

He is taking over immediately, replacing Alex Ioffe, who is leaving the firm only after a year of joining. He is bringing more than three decades of experience in the accounting and financial services fields to his new role.

Galvin has joined the New York-headquartered company from BGC Partners, where he was the chief accounting officer for two years. He spent 18 years at KCG Holdings as its chief accounting officer and also had a stint as its interim chief financial officer.

He started his career at PricewaterhouseCoopers, one of the big four audit firms, as a senior manager, as seen on his Linkedin profile, and later moved to now-defunct investment bank Donaldson, Lufkin & Jenrette.

This is Galvin’s second tenure at Virtu, as he previously spent a year at the company as its chief accounting officer.

“Sean’s deep knowledge of our business and industry along with his financial and leadership acumen will add significant value to Virtu,” Douglas A. Cifu, Virtu’s chief executive officer, said.

Overhaul in the Finance Management Team

Apart from Galvin’s appointment, Virtu also promoted Cindy Lee as its deputy chief financial officer and Colm Mac Curtain as the EMEA head of finance. While Lee has been working with Virtu since 2011, Curtain joined the company later in 2014.

“Cindy’s expertise has contributed significantly to the Company through its growth and maturation and Colm provides leadership across the EMEA region. This strengthening of our senior team from within the industry and our own deep bench of talent will enable continued operational excellence as Virtu continues to evolve and grow globally,” Cifu added.

Meanwhile, Virtu recently published its second quarterly financials, showing a 141 percent jump in its yearly revenue.