Cinnober strengthens management team 04 September 2018London Reporter: Jenna Lomax
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Cinnober Financial Technology has appointed Fredrik Nihlén as Cinnober Group CFO, John Yonker as Simplitium CEO, and Patrick Tessier as Minium CEO.
Simplitium and Minium are wholly-owned subsidiaries of Cinnober.
Fredrik Nihlén, who was previously vice president of finance, has been promoted to group CFO, replacing Peter Lenardos who was appointed group CEO in August.
Nihlén will lead the finance department and focus on the financial reporting for the Cinnober Group.
John Yonker takes over from Per-Anders Häll-Bedman who has served as interim CEO since May. Yonker previously held the role of COO at Simplitium.
Tessier has been appointed CEO of Minium, to modernise the sell-sides risk and post-trade processes. Tessier joined Minium as COO in February 2017 and has been an integral part of its success.
Commenting on his new role, Lenardos, group CEO of Cinnober, said: “The appointment of Fredrik Nihlén as group CFO will help us deliver on our commitment to achieve profitability in the coming year and to continue to self-fund our business activities, as well as meeting expansion goals.”
He added: “John Yonker and Patrick Tessier have both shown exceptional leadership in their respective businesses. Under Tessier’s guidance, in under 18 months since its inception, Minium has designed an innovative real-time risk management and post-trade technology solution, grown to nearly 50 employees and announced its first client, Marex Spectron.”
“In parallel, under John Yonker’s leadership, Simplitium has achieved a number of milestones in terms of client acquisition and developing ground-breaking solutions for trading, pensions and insurance. I look forward to continuing to work closely with both Yonker and Tessier to further build Cinnober into the preferred solutions provider for financial firms globally.”
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