Corporate digest

Ayondo

TRADING platform developer Ayondo has suffered yet another high-level executive departure, with chief financial officer (CFO) Sean Downey quitting with effect from June 5. Mr Downey resigned over differences with the management of Ayondo Markets Limited, including the former CEO, Ayondo said. He also left due to "discontent with treatment and working relationship" at the company. Mr Downey, who was appointed CFO on July 20 last year, submitted his resignation on Feb 15.

Unresolved differences of opinion between Mr Downey and the board include "the requirement to change the regulatory capital of calculation suggested by KPMG in the UK and the timing of that required change", Ayondo said.