Prop trader The Trading Pit reports two senior departures

By Andrei Skvarsky. Liechtenstein-based financial boutique The Trading Pit, which is part of Estonian private equity fintech Pinorena Capital and specialises in proprietary trading (investing its own capital rather that living off client commissions or fees), has announced top-tier staff departures. Thomas Heyden has resigned as chief executive of The Trading Pit’s Liechtenstein division and […]

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By Andrei Skvarsky.

Liechtenstein-based financial boutique The Trading Pit, which is part of Estonian private equity fintech Pinorena Capital and specialises in proprietary trading (investing its own capital rather that living off client commissions or fees), has announced top-tier staff departures.

Thomas Heyden has resigned as chief executive of The Trading Pit’s Liechtenstein division and left the company. Boutique co-founder Christoph Radecker is also departing from the firm, the latter said in a statement.

Heyden was going to “pursue other opportunities” and Radecker was “embarking on new ventures outside the company”, the statement said without elaborating.

It was unclear who would replace Heyden, but The Trading Pit Group chief executive Daniela Egli and its co-founder Illimar Mattus would look after the Liechtenstein arm pending the appointment of the new head.

The Trading Pit has an office in Cyprus and one in Spain in addition to its head office and two other units in Vaduz, Liechtenstein.

Pinorena, which is based in Estonian capital Tallinn, has investments in 18 companies, a portfolio worth more than $120m, a business geography comprising Europe, the Middle East and Africa and more than 500 employees, according to information on its website.

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