Tag: CFH Clearing

CFH Clearing

RegTech Firm Secures New Investment

RegTech specialist, Muinmos, has attracted investment from Lars Holst, former CEO of CFH Clearing, and Lars Torpe Christoffersen, an entrepreneur.

The firm itself is an automated onboarding organisation that was founded by Remonda Kirketerp-Møller in April 2012.

Holst’s 20-year career in the FX industry includes several senior executive positions at Saxo Bank and Currenex prior to co-founding CFH in 2008. He was at the helm of CFH for almost a decade, with the firm ultimately being sold to PlayTech for $120 million in November 2016. According to a release issued today, Holst will play an active role in muinmos, having been appointed as chairman of the board.

CFH Clearing Appoints Kirketerp-Møller as Non-Executive Director

One of CFH Clearing’s founders, Remonda Kirketerp-Møller, has been appointed as non-executive director of the London-headquartered prime-of-prime firm.

Kirketerp-Møller, a qualified solicitor, co-founded CFH Clearing in 2008 with Christian Frahm and Lars Holst, having worked with them both at Saxo Bank where she was a director and head of legal and market data in the firm’s legal and compliance department.

She spent four years at CFH as head of legal and compliance, was on the board of directors and served as the company’s compliance officer. She was also a co-founder and executive director of CFH Group.

Spot the Difference: Defining “Prime-of-Prime”

“Prime-of-Prime” has become something of an umbrella term these days, used by many firms operating very different business models. So Profit & Loss asked a number of firms that place themselves in this category exactly what constitutes a “true” prime-of-prime service provider.

Mackinnon Exits AxiTrader

Alex Mackinnon has left AxiTrader in Sydney where he was general manager, ending a four year spell at the firm.
Sources tell Profit & Loss that he is moving to run CFH Clearing’s Asian business, however this could not be confirmed by press time.
Mackinnon joined AxiTrader from INTL FC Stone in 2013, at the latter he was head of FX prime services in London, having joined the firm from ODL Securities in London, a firm he worked at for over six years.

CFH Shuffles the Pack

Prime of prime provider CFH Clearing has announced senior changes at board level.
Lars Holst, co-founder of the firm and currently CEO of CFH Clearing has been appointed chairman, whilst Matthew Maloney, CFO has been promoted to CEO. Their new roles will commence on 1 August 2017.
Maloney, a Chartered Accountant who joined the business in 2014 played a key role in firm’s Playtech acquisition transaction, CFH says, and, as CEO, will be responsible for the day-to-day management of the business and overseeing all regulatory activities.

Boreham Joins CFH Clearing

Chauncey Boreham has been appointed vice president, institutional sales at CFH Clearing.

In this new role, Boreham will focus primarily on institutional FX/CFD sales in Europe and the US. As part of his remit, he will be tasked with seeking opportunities to expand CFH Clearing’s prime services and margin business across these regions.

Boreham joins CFH from ADS Securities, where he worked in institutional sales. He has also worked as the head of trading at Alpari UK and as a sole trader at CTB Futures.