OSTC Names Cinnober’s Ex-CEO Peter Lenardos as CFO

OSTC, a global derivatives platform, has announced on Monday the appointment of Peter K. Lenardos as its new chief financial officer (CFO).

He will take charge of the new role on July 20, replacing Kenny Su who took the role in December 2018.

In the new role, his strategic priorities will be to transform the finance function into a source of competitive advantage, enabling strategic growth through raising capital and M&A, as well as establishing a world-class investor relations capability.

Commenting on his new role, Lenardos said: “I am honored to be appointed the Chief Financial Officer of OSTC as it focuses on growing its global derivatives trading business, and it intensifies its strategic pivot towards learning and development Educational Technology solutions, which will support the expansion and optimization of OSTC’s markets business.”

A seasoned investment banker

He is bringing over 18 years of experience from the investment banking industry to the company and was heading Cinnober Group as its CEO prior to this. He joined the company as CFO in 2018 and was promoted to the apex position in merely two months.

Before that, Lenardos was the managing director at RBC Capital Markets and spent almost 7 years at the company establishing global market infrastructure and European diversified financials franchises.

He started his career as an investment banker and spent years in various companies including Arden Partners, North Square Capital, and Churchill Capital.

“Peter brings with him an extensive background in corporate finance, a track record in shareholder value creation, and a wide range of global and strategic capital markets experience. His leadership, financial and business acumen will prove instrumental as we deliver on our strategic growth ambitions,” Lee Hodgkinson, CEO at OSTC, said. “In addition to his role as CFO, Peter will serve as a LGBT Champion within OSTC.”

“I am proud to assume additional responsibilities as LGBT champion within the organization and look forward to continuing OSTC’s work to further LGBT diversity and inclusion,” Lenardos added.