TechFlow news, October 24 — According to CoinDesk, Portofino Technologies, a Switzerland-based crypto market maker, has recently experienced significant personnel turmoil. After the company dismissed COO and co-founder Alex Casimo and CFO Jae Park in July, a chain reaction followed, leading to the departure of multiple executives and employees.
According to sources, following the dismissal of the two executives, Vincent Prieur, Head of Strategy and Operations, and Shane O'Callaghan, Global Head of Business Development, have tendered their resignations. Currently, 10 to 12 employees have either left or are in the process of leaving, accounting for 30% to 40% of the company's original workforce.
Notably, earlier this year the company had just received approval from the UK Financial Conduct Authority (FCA) to provide services to institutional cryptocurrency clients in the UK. In response, a spokesperson for Portofino Technologies stated that the company has appointed Mark Blackborough as the new CFO and hired Olivier Sultan as a senior sales trader. The company is actively recruiting, with four positions currently open, and employee headcount has returned to pre-summer levels.
