Virtu Financial Appoints Moegling to Lead Digital Asset Business Development

Virtu Financial has named Scotte Moegling as its new Head of Business Development for Digital Assets, the company announced this week. Moegling's remit will extend across cryptocurrencies, foreign exchange, precious metals, contracts for difference, and exchange-traded funds. He will be based in Austin, Texas.

Moegling brings more than 20 years of experience in financial markets. Before joining Virtu, he served as Global Head of OTC Sales at Flow Traders, where he oversaw operations in foreign exchange, precious metals, CFDs, and digital assets. His earlier career included six years at Citigroup in FX prime brokerage roles in New York and London, including as Head of European Sales for FX Prime Brokerage. He also held senior positions at NatWest Markets, London Capital Group, and FXCM Pro.

In a LinkedIn post, Moegling wrote: "I'm happy to share that I'm starting a new position as Head of Business Development for Digital Assets at Virtu Financial." His appointment follows Virtu's recent leadership reshuffle, in which Chief Technology Officer Aaron Simons was promoted to CEO at the end of July.

Virtu reported nearly $1 billion in revenue for the second quarter of this year. The addition of Moegling is seen as part of the firm's continued expansion into cryptocurrency and broader alternative asset markets.