Virtu’s head of fixed income and foreign exchange and co-head of crypto, Laine Litman, has left the company after nearly eight years.
According to an update on social media, Litman has left Virtu after eight years to pursue a new opportunity as president of quantitative investment firm Hidden Road Partners, which specialises in short duration credit and financing opportunities.
Virtu had not responded to a request for comment at the time of publishing.
“After nearly eight great years at Virtu Financial, I was given the opportunity to join Hidden Road Partners as President,” said Litman in her update.
“While it has been hard to say goodbye to the Virtu community, I am honoured at the chance Marc is giving me and excited for what lies ahead at Hidden Road.”
Prior to joining Virtu in 2014, Litman spent three years at KCG Holdings as head of acknowledge fixed income, focused on liquidity strategy and sales.
Previously in her career, Litman served in futures trading and sales trading roles across UBS Investment Bank, Goldman Sachs and Bank of America.
Virtu made significant jumps in the crypto and decentralised finance space under Litman’s tenure as co-head of the asset class, confirming it would be distributing its pricing and execution data on the Pyth Network in June last year and later joining TP ICAP’s digital asset platform in December as a market maker.