Cinnober, a leading exchange and real-time clearing technology provider based in Sweden, announced the appointment of Peter Lenardos as the new Chief Financial Officer (CFO) for the Cinnober Group as current CFO Ninni Pramdell intends to leave the company for other opportunities.
Lenardos was expected to move to Macquarie’s European arm after a statement in May announcing that he would become the new Head of Financial Research. The veteran professional, with experience both as an investment banker and ranked research analyst, seems to have rejected that option as he joins Cinnober.
Cinnober hired Lenardos not only for his experience but also for its extensive international network in the institutional investment community, and among global market infrastructure and asset management companies. Lenardos will be based in both Cinnober’s London and Stockholm offices.
With proven transaction, capital raising, valuation, and forecasting skills, Lenardos is a dually naturalized US and UK citizen holding a Bachelor’s degree in accounting from the University of Notre Dame, where he graduated summa cum laude. His MBA in finance from Northwestern University’s Kellogg School of Management was obtained with distinction.
Veronica Augustsson, Chief Executive Officer of Cinnober Group, commented:
“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.”
Peter Lenardos has been Senior Financial Advisor to Cinnober since April, one month prior to Macquarie’s announcement. He was Managing Director in the Royal Bank of Canada’s (RBC) London office for nearly seven years until January 2018. At the bank, he established the global market infrastructure and European diversified financials franchises, and participated in 6 IPOs raising £1.4 billion and 4 capital raises for existing public companies raising £1.3 billion.
“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”, Augustsson added.