FX liquidity and Prime of Prime solutions provider CFH Clearing center promoted Julia Free to head its newly-restructured unit which intended to merge legal, compliance and onboarding into a single department.

Free originally joined CFH Clearing in 2014 and served in a variety of functions, including more than one year as the group’s onboarding/compliance manager.

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Since the PlayTech’s acquisition two years ago, in a $120 million transaction, CFH Clearing transformed into a larger organization and, as a result, has been looking to find talents with in-depth knowledge about its regulatory requirements and a proven track record in the industry at senior levels.

Free’s knowledge of the group’s business, combined with her legal expertise and extensive exposure to the RegTech space has made it a perfect fit to head up the newly-combined functions. She rejoined CFH Clearing in August 2017, and her extended responsibilities now cover the role of money laundering reporting officer (MLRO) after she has recently gained a CF11 accreditation with the FCA.

CFH Clearing Milestones

CFH Clearing was founded in 2008 and is one of the FX industry’s leading execution venues. The company operates currently as part of Playtech’s financials division, TradeTech Group, to provides multi-asset execution, prime brokerage, and trading technology solutions for institutional clients. The FCA-regulated firm falls under the umbrella of holding company CFH Group, which provides a range of products including a Straight Through Processing (STP) brokerage servicing the retail brokering industry with multi-asset execution, prime brokerage services, liquidity, and complementary risk management tools.

Speaking on the promotion, Matthew Maloney, CEO of CFH Clearing, said: “Julia has an in-depth understanding about our business as well as the increasingly complex legal requirements we need to adhere to as an FCA regulated firm with a global client base. She will be an asset to our Board and thoroughly deserves her promotion.”

Julia Free also noted: “I am very excited about playing a more significant role in driving CFH forward. I am fully dedicated to overseeing the firm’s legal, compliance and onboarding function and to running it as a centre of excellence, helping CFH Clearing to achieve its global growth ambitions.”