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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