Portofino Technologies, a Switzerland-based crypto market making firm that was given the nod earlier this year from the Financial Conduct Authority (FCA) to serve institutional crypto clients in the U.K., has seen an exodus of staff in recent months, following the sacking of the firm’s co-founder and its head of finance. Both Portofino’s chief operating officer and co-founder, Alex Casimo, and chief financial officer, Jae Park, were fired in July. A new CFO, Mark Blackborough, has since been hired, as well as senior sales trader Olivier Sultan. Since then, the firm has been actively recruiting and currently has four positions open.
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