Cinnober appoints Peter Lenardos as Group CFO
Cinnober announces the appointment of Peter Lenardos as the new CFO for the Cinnober Group. Mr. Lenardos is an established professional with extensive experience in the financial sector as both an investment banker and ranked research analyst, with an international network in the institutional investment community, and among global market infrastructure and asset management companies. He has proven transaction, capital raising, valuation and forecasting capabilities.The change in management takes place as current CFO Ninni Pramdell has announced her intentions to leave the company for other opportunities.
Since April this year, Peter Lenardos has been active as a Senior Financial Advisor to Cinnober, and previously held the position as a Managing Director in the Royal Bank of Canada’s (RBC) London office. At RBC, he established the global market infrastructure and European diversified financials franchises, and brings strong C-suite relationships across the exchange and asset management sectors to Cinnober. Mr. Lenardos will be based in both Cinnober’s London and Stockholm offices.
“Peter has unique experience, knowledge and a broad network within the international finance industry. Peter brings a lot of value to our business, both for the investor community as well as the customer base. Coupled with his deep financial and accounting skills, this means that he is well suited to take on the role of the Group's new CFO and we are very pleased to have him join the management team,” said Veronica Augustsson, CEO of Cinnober Group.
Peter Lenardos was educated in the United States, and is a dually naturalized US and UK citizen. He holds a Bachelor's degree in accounting from the University of Notre Dame, where he graduated summa cum laude, and a MBA in finance from Northwestern University’s Kellogg School of Management, where he graduated with distinction. He has held financial and management positions in both the US and European finance industries.
“I would like to thank Ninni for her time at the company. She has contributed strongly to a further developed and well-functioning financial and accounting function. We wish her all the best in her future challenges,” concludes Veronica Augustsson.
For further information, please contact:
Cinnober Financial Technology AB
+46 (0)70 812 36 26
Cinnober provides solutions and services to leading trading and clearing venues, including exchanges, clearinghouses, banks and brokers. Cinnober’s solutions are largely based on the TRADExpress™ Platform, incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance.
Cinnober’s customers include the Asia Pacific Exchange, Australian Securities Exchange, B3, Dubai Gold & Commodities Exchange, Euronext, Japan Exchange Group, Johannesburg Stock Exchange, the London Metal Exchange, LME Clear, NYSE and the Stock Exchange of Thailand.
Using its extensive experience in financial technology, Cinnober has broadened its reach through the establishment of highly specialized and competitive subsidiaries. Today, three such subsidiaries exist within trade reporting and transparency, post-trade and client clearing and trade surveillance and analytics.
Cinnober’s shares are traded on the Nasdaq First North exchange and the company’s Certified Advisor is Avanza. For additional information, please visit www.cinnober.com.