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Eugene

(61,846 posts)
Tue Dec 20, 2016, 04:30 PM Dec 2016

Trump nominates trading firm founder Viola as Army secretary

Source: Reuters

POLITICS | Mon Dec 19, 2016 | 2:17pm EST

Trump nominates trading firm founder Viola as Army secretary

By Doina Chiacu and John McCrank | WASHINGTON/NEW YORK

President-elect Donald Trump will nominate Vincent Viola, an Army veteran and founder of a high-speed trading firm, to be secretary of the Army, adding another figure from the business world without government experience to his Cabinet.

Viola is a West Point graduate who founded the highly profitable high-frequency trading firm Virtu Financial Inc in 2008, Trump's transition team said in a statement on Monday.

Viola is a former chairman of the New York Mercantile Exchange, where he began his financial services career, and is a leader in electronic trading. Along with Virtu CEO Douglas Cifu, he bought the Florida Panthers of the National Hockey League in 2013.

In the Army, Viola trained as an Airborne Ranger infantry officer and served in the 101st Airborne Division, the transition team said.

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Read more: http://www.reuters.com/article/us-usa-trump-army-idUSKBN1481G8
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