Second senior exec set to leave Betfair

ONLINE gambling firm Betfair is set to lose its second senior executive in as many days, with Mathias Entenmann, the firm’s chief products and services officer, due to follow LMAX chief executive Robin Osmond out of the door.

It is understood that Entenmann will leave to relocate back to Germany with his family, where he will take another job.

Entenmann joined Betfair from PayPal in 2007 to lead its exchange business function and to coordinate the company’s launch in the United States.

No replacement has yet been appointed.

Betfair announced on Sunday that chief executive of its LMAX financial betting exchange, Robin Osmond, is to quit after less than six months in the job.

He left the firm’s fledgling LMAX startup to “pursue other opportunities in the City”.

Osmond will be replaced on an interim basis by David Mercer, a former specialist at Velocity Trade.