In the next release of mojoPortal there will be a solution for you.
Right now that comes from a Resource file so it is localizable but not customizable. The resource setting is a format string like:
Signed In as: {0}
In the next version of mojoPortal you will be able to override it in layout.master by setting s property on <portal:WelcomeMessage like this:
OverrideFormat="My name is {0}", or if you only want the user name then you could put OverrideFormat="{0}"
The {0} is replaced by the user name.
Hope it helps,
Joe