Exclusive: LMAX Head of Marketing Riina Sulonen departs
FNG Exclusive… FNG has learned that institutional forex and crypto trading venue LMAX has seen the departure of Riina Sulonen, LMAX’s Head of Marketing.
Riina Sulonen joined LMAX in 2018, after five years in marketing at virtual commercial payment solutions company WEX Europe Limited. She has also worked at Blurb UK, bigmouthmedia, and eBay.
We understand that Ms. Sulonen’s departure is part of a series of management changes planned at fast-growing LMAX, which this summer sold a 30% stake in the company to private equity firm JC Flowers at a $1 billion valuation for LMAX. LMAX reported Gross Profit of $60.5 million and EBITDA of $39.2 million for the first six months of 2021, with both figures significantly increased from last year.
Under the leadership of Director of Corporate Development and Marketing Barbara Pozdorovkina, LMAX is apparently re-building its marketing group with a series of specialists instead of the “generalist” model employed to date.