Capitolis has appointed Joseph Molluso as its new CFO.
Based in New York, Molluso will start at Capitolis in October will report directly to the firm’s CEO and founder, Gil Mandelzis.
Prior to this latest appointment, Molluso spent the past six years as executive vice president and CFO at Virtu Financial, where he was a member of the management team which oversaw the Virtu IPO in 2015.
Molluso has more than 20 years of experience working in financial institutions, having previously been a financial technology investment banker and managing director at JP Morgan, where he advised clients on landmark transactions in the financial technology sector. Before that, Molluso was an investment banker at Donaldson, Lufkin & Jenrette (DLJ) and later at Credit Suisse when DLJ was acquired by the Swiss bank.
“In Joe, we have a world-class senior executive with extensive industry knowledge and public markets experience coming from the calibre of an organisation as Virtu, one of the best known and successful institutions in trading and market making. He will add significant capability to our already strong management team. Joe is one of the biggest names in our industry and his expert guidance will support the company to scale new heights. It is fantastic that he is joining us to push forward the next stage of our journey and I look forward to working with him,” says Mandelzis.
Meanwhile, Tom Glocer, executive chairman and co-founder at Capitolis, declared himself “delighted” at Molluso’s appointment, adding: “I was Joe’s client when he worked as an investment banker at JP Morgan and was impressed that he combined financial acumen with a strong operating orientation. He will continue to provide the same level of capital markets insight with operational expertise at Capitolis.”
Molluso comments: “Capitolis is a necessary evolution of the capital markets. The global nature of money flows coupled with regulatory and other pressures on traditional providers of capital creates a demand for Capitolis’ services from some of the largest financial institutions in the world. I am thrilled to join Gil and the team in a leadership role.”
In the past year, Capitolis has grown to more than 40 employees. The company recently promoted Justin Klug to president and says that it will continue to hire and promote senior executives over the coming months to support its growing revenue and product offerings and continued expansion plans over the coming year.