The technology provider for retail brokers TradeTech Group has announced that Christian Frahm, the founder of CFH Group, will join the company’s board as a Non-Executive Director and the appointment is to become effective on 31 January.
CFH Group, the holding company of CFH Clearing, is a Prime Brokerage firm and a key subsidiary of TradeTech, Playtech’s financial division.
Christian Frahm founded CFH Group in 2008 and in 2016 he made a strategic step to sell its business to Playtech which saw CFH Group become a core part of the TradeTech Group. The partnership really pushed them to accelerate and improve both their offering and growth in the past two years and the time has come for Frahm to take on a more demanding role and use the huge potential the best way possible. In addition to joining the TradeTech Board as Non-Executive, Frahm will continue as Chairman of CFH Group and CFH Clearing.
“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,” Frahm said about the new position.
The former Chief Commercial Officer at CFH Clearing, Marc Levin, will replace Christian Frahm as CEO and he will be responsible for the day to day running of the company.
He boasts a huge experience in the company as he joined in 2011 as Institutional Relationship Manager. His experience and understanding of client requirements led to his promotion to CCO in 2017. Marc Levin is thrilled about his new roles and says that his colleagues have been supporting and inspiring him along the way.
“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.”
Matt Maloney will continue his current role as CEO of CFH Clearing. TradeTech Group has appointed Oksana Remez as a senior business development executive just two months ago. She will help drive the promotion of TradeTech’s industry-leading technology and liquidity offered to brokers and other partners.
Ron Hoffman, TradeTech Group CEO, commented both Frahm and Levin’s appointments.
“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.”