CFH Group, the holding company of CFH Clearing, is a Prime Brokerage firm and a key subsidiary of TradeTech, Playtech PLC (LON:PTEC)'s financials division. Marc Levin, former Chief Commercial Officer of CFH Clearing, will succeed Christian Frahm as CEO.
Matt Maloney continues his current role as CEO of CFH Clearing.
TradeTech Group has also appointed new business development executive just two months ago.
Christian Frahm commented:
I am extremely proud of the company we have built over the past ten years and feel very lucky that so many talented people have chosen to help us deliver value to our clients during that defining period. The partnership with Playtech two years ago has really helped us to accelerate and improve our offering, during that period we have seen extremely pleasing growth, significantly increasing client funds, volume and income. It now feels like the right time for me to take on a more strategic role as a Non-Executive Director of the Group and I look forward to capitalising on the huge potential that lies ahead.
In addition to joining the TradeTech Board, Frahm will continue as Chairman of CFH Group and CFH Clearing. Marc Levin will take over as CEO of CFH Group and will be responsible for the day to day running of the company. He joined CFH Group in 2011 as Institutional Relationship Manager, where his experience and critical understanding of client requirements led to his appointment as CCO in 2017.
Marc Levin said:
I am truly honoured and extremely excited to take on such an amazing role. My skilled and passionate colleagues have been inspirational to work alongside, and I look forward to continuing to work with them for this company we feel such affection for. I trust that together, we will continue to develop and deliver the exceptional products that have delivered CFH amazing partners and loyal clients that we are proud to service every day.
Ron Hoffman, TradeTech Group CEO, added:
We are delighted to welcome Christian to the Board. We recognise the huge success he has achieved since founding CFH Group and look forward to having his expertise and unparalleled insight in our Board discussions. Marc's proven track record as CCO means we are extremely confident in his ability to run the business and we look forward to working with him closely.
Christian Frahm's appointment to the Board of TradeTech Group is effective from 31 January 2019 and Marc Levin will begin his role as CEO of CFH Group on that date.