CFH Group is parting ways with its long-serving executive Ole Rossing, the company’s Executive Director and chief information officer (CIO). For nearly twelve years, Rossing has been tasked with technology partnerships and IT strategy, as well as the operations of CFH’s own development teams around the world.
A company spokesman confirmed the news to Finance Magnates and said that Rossing departed on good terms. “Upon mutual agreement between Ole Rossing and Consolidated Financial Holdings A/S, Ole is resigning from his position as IT Director. Ole has had his last day of work. Consolidated Financial Holdings A/S thanks Ole for his many years of loyal service and wishes him the best in the future,” CFH added.
Rossing is one of a handful of IT experts in the margin trading industry with over three decades’ experience in software and computer systems. He originally joined Christian Frahm in 2008 to build up brokerage firm CFH Group based in London, which was acquired by Playtech in 2016 to form a core part of TradeTech.
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A major role in building Saxo Bank
Today, CFH Group spans four different companies, with clients in 90 countries and more than 100 employees in five different locations. Ole also played a major role in establishing the group’s technology arm, CFH Systems, which operates out of Copenhagen and Zurich and provides cloud-hosted trading backend and margin systems.
Prior to CFH, Rossing has been a mainstay at Saxo Bank for ten years, where he served as IT Manager, CIO, and Senior Executive Director. During his tenure with the Danish FX broker and bank, he built Saxo Bank’s first online trading systems and grew the IT department from 25 to 1000 employees.
Rossing started in 1983 as a computer engineer in FLS Data, then moved to the FLS process automation department as one of 20 employees and ended up as senior development engineer in a 250 employee global company.