Virtu Finance plc announced that Charles Borg has tendered his resignation from the company’s Board of Directors and Audit Committee.
Mr Borg has also resigned from the Board of Directors of Virtu Maritime Limited, guarantor of the company’s €25,000,000 3.75% unsecured bonds 2027.
The former Director’s resignation came into effect on 29th November.
Virtu Finance’s Board of Directors thanked Mr Borg for his service to the company and to the Virtu Maritime Group.
Currently, Mr Borg holds the roles of Chairman at IG Finance and 1923 Investments, Board Member at Trident Estates, and Director and CEO at PG Group.
Mr Borg is also a fellow of the Chartered Institute of Bankers (UK) and holds a banking degree and a Masters degree in financial legislation from the University of Malta.
The company has recently raised $7 million in seed funding.
His words come at a time where the industry is facing rising costs and tax concerns.
It aims to advance sustainable tourism research.
The Chairman acknowledged the positive performance achieved in 2025 but stressed that growth must be balanced with preservation.