The chief financial officer of the cryptocurrency market maker, Portofino Technologies, Mark Blackborough, has recently departed from the organization.
A company representative confirmed via email, “Our CFO is transitioning out of the business. As we grow and pursue new market opportunities, we are constantly revising our leadership framework to ensure alignment with our long-term strategies.”
They further noted, “Changes in leadership, particularly in rapidly expanding sectors, are a typical aspect of creating a more resilient organization. Our priorities are centered on execution, delivery, and sustained growth.”
Blackborough did not respond to a request for a statement by the time of publication.
The Swiss-based executive was located in London and joined Portofino Technologies last September.
Prior to his tenure at Portofino Technologies, Blackborough served as CFO at Enigma Securities, a provider of digital asset liquidity. Before that, he held a position at crypto market maker GSR, according to his LinkedIn profile.
In a recent update, Portofino mentioned that it is considering launching new offices in New York and Singapore.
The company secured $50 million in equity investment in late 2022 and was established by Leonard Lancia and Alex Casimo, both former leaders at Citadel Securities, in 2021.
Portofino is regulated in the U.K., Switzerland, and the British Virgin Islands.
Read more: Crypto Market Maker Portofino Technologies Has Big Plans For 2025