Portofino Technology's General Counsel and Head of Compliance Becomes Latest Senior Executive to Depart

Portofino Technology's chief legal officer and head of compliance has become the latest high-profile executive to leave.

Celine Armstrong worked for a crypto trading company for over three years and was based in London.

Will Canny | Edited by Sheldon Rebeck on April 24, 2025, 11:01 AM

What you need to know:

• The general counsel and head of compliance at crypto market maker Portofino Technologies has left the organization.
• Celine Armstrong worked for a London-based cryptocurrency trading firm for over three years.
• The company's former CFO also recently left the Swiss firm.

Celine Armstrong, general counsel and head of compliance at cryptocurrency firm Portofino Technologies, has become the latest high-profile employee to leave the organization.

She follows Mark Blackborough, who also recently left the business as finance director.

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“We are grateful to Selin for his important role in shaping Portofino’s regulatory and legislative infrastructure. His leadership was instrumental in securing key licenses and establishing the rigorous controls that now underpin our operations,” a Portofino spokesperson said in an emailed comment.

“We are also pleased to welcome Dylan Bastin as our new Head of Compliance – her experience will be invaluable as we continue to responsibly expand into international markets.”

Armstrong, who lives in London and worked at a cryptocurrency trading company for three years, declined to comment.

Before joining Portofino, she was part of law firms such as Dentons and Linklaters. She also worked for the UK's financial services regulator, the Financial Conduct Authority (FCA), for more than six years, according to her LinkedIn profile.

In addition to Armstrong and Blackborough, Christian Dinu, a quantitative developer, also recently left the company to join rival market maker Optiver, according to his LinkedIn profile.

Last month, the Swiss company told CoinDesk that it was considering opening new offices in New York and Singapore.

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

Read more: Crypto Market Maker Portofino Technologies Has Big Plans for 2025

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