FCA-Regulated Crypto Trading Firm Portofino Technologies Sees Staff Exodus
Summary
Portofino Technologies, a Swiss crypto market making firm, experienced significant staff departures following the firing of co-founder Alex Casimo and CFO Jae Park in July. This led to resignations from key personnel, including the head of strategy and operations and the global head of business development, affecting 30%-40% of the workforce. The firm has since hired a new CFO, Mark Blackborough, and senior sales trader Olivier Sultan. Portofino is actively recruiting to restore its headcount and has four open positions. Criticism of CEO Leonard Lancia on Glassdoor highlights concerns about a "toxic work environment."
