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Veronica Augustsson new CEO of Cinnober


October 4, 2012 - London

As a successful young woman in the finance industry, Veronica Augustsson has made an impressive journey and was recently mentioned in Financial News' "40 Under 40 Rising Stars of Trading and Technology" list. She has now been appointed CEO of leading financial technology company Cinnober.

Veronica Augustsson began her career at Cinnober, the Swedish-based technology provider, over ten years ago and has since held a number of key positions within the company. She has now been promoted from her role as Head of Sales, in which she played a major role in securing prestigious orders from the Dubai Gold & Commodities Exchange and LME Clear in recent months. Over the years, she has also been a member of the senior management team and has served operationally on a number of business projects.

"I'm delighted that Veronica has accepted this position as CEO of Cinnober. Despite a tricky market, we as a company have been doing well and she's the right type of leader to take us further on this exciting journey," says Nils-Robert Persson, Executive Chairman of the company. "Her extensive experience of the sector, along with her technical expertise, is a great asset. I am convinced that having Veronica in this position is an excellent way to strengthen the successful team we have built since the inception of the company."

During her years at Cinnober, Veronica has gained broad financial experience. After starting as a developer, she was soon posted to provide on-site support to the American Stock Exchange in New York. She also contributed to development projects and technical sales support for the TRADExpress platform. She holds a Master's Degree in computer engineering from the Royal Institute of Technology (KTH) in Stockholm.

"This is a tremendous and exciting challenge and I am very proud to have been asked to step into this role," says Veronica. "I am well acquainted with our business and have a professional team of competent employees around me. This creative environment and the inspiring niche in which we operate have strengthened my resolve in accepting the job. Today, Cinnober is well-positioned to meet customers' current needs and now is the time to take further steps to grow and achieve new successes alongside existing and new customers."

Veronica assumes her new position immediately, replacing outgoing CEO Javier Tordable, who is leaving after six months. Cinnober and Tordable have agreed to amicably terminate Tordable's contract due to management discrepancies.

Cinnober is the leading global supplier of mission-critical solutions and services within trading, clearing and surveillance to major trading and clearing venues. Customers include trading and clearing venues in Europe and North America such as Alpha Exchange, Deutsche Börse, London Metal Exchange and NYSE Liffe. Over the past year Cinnober has continued to strengthen its market position, signing new contracts in emerging markets and with players such as LME Clear, BM&FBOVESPA, the Stock Exchange of Thailand, the Qatar Exchange and Dubai Gold & Commodities Exchange.

Picture of Veronica Augustsson, new CEO of Cinnober

Picture of Veronica Augustsson, new CEO of Cinnober

For further information, please contact: 
Fredrik Backlund 
Head of Corporate Communications
Cinnober Financial Technology 
Tel. +46-(0)73 403 12 39
fredrik.backlund@cinnober.com

About Cinnober Financial Technology
Cinnober provides mission-critical solutions and services to leading trading and clearing venues. Cinnober's solutions are based on the TRADExpress(TM) Platform incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance. Cinnober's customers include Alpha Exchange, Borsa Italiana, BM&FBOVESPA, Burgundy, Chicago Board Options Exchange, Deutsche Börse, Eurex, Hong Kong Mercantile Exchange, London Metal Exchange, Markit BOAT, NYSE Liffe, Stock Exchange of Thailand and Quadriserv. For additional information, please visit www.cinnober.com

Press release (pdf)



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Cinnober via Thomson Reuters ONE

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