One of the founders of CFH Clearing, Lars Holst, has resigned from his position of chairman at the company. The changes were officially publicized in a filing by UK Companies House earlier today. The resignation comes a little over a year after Playtech acquired CFH Group.
Mr Holst held the position of CEO at the company until July last year, when he was succeeded by Matt Maloney.
Commenting to Finance Magnates on the news, a spokesperson for CFH Clearing stated: “As a natural progression after the Playtech takeover, Lars is looking to pursue alternative opportunities. Christian Frahm, Founder of the CFH Group of companies, has stepped up as Chairman.”
The board of CFH Clearing currently also includes the Matt Maloney, Executive Director Ole Rossing, CTO Troels Madsen and Finance Director Paul Mildon.
After the acquisition of CFH Group, the financial division of Playtech, TradeTech was restructured to include CFH Clearing as an STP provider of FX liquidity.