The chief financial officer of crypto marker maker Portofino Technologies, Mark Blackborough, has recently left the business.

"We can confirm that our CFO is transitioning out of the business. As we scale and adapt to new opportunities in the market, we’re continuously evolving our leadership team to align with our long-term strategic goals," a company spokesperson said in emailed comments.

Leadership transitions, especially in high-growth environments, are a natural part of building a resilient organization. Our focus remains on execution, delivery, and continued growth,” the spokesperson added.

Blackborough didn't respond to a request for comment by publication time.

The Swiss company's former CFO was based in London, and joined the crypto trading firm last September.

Before joining Portofino Technologies, Blackborough was employed as CFO of Enigma Securities, a digital asset liquidity provider. Prior to this he worked for crypto market maker GSR, according to his LinkedIn profile.

Portofino told CoinDesk last month that it was exploring opening new offices in both New York and Singapore.

The company raised $50 million in equity funding in late 2022, and was founded by two former Citadel Securities leaders Leonard Lancia and Alex Casimo in 2021.

The firm is regulated in the U.K., Switzerland and the British Virgin Islands.