Playtech’s financial division TradeTech Group has announced that Christian Frahm is to join the company’s board as a non-executive director.
Frahm, founder and CEO of brokerage firm and TradeTech subsidiary CFH Group, the holding company of CFH Clearing, is to be succeeded in the role by former chief commercial officer Marc Levin.
Making the strategic decision to sell CFH Group in 2016 to Playtech, which saw the company become “a core part” of the TradeTech Group, both appointments are to become effective on Thursday 31 January.
Frahm said of the new position: “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.
“The partnership with Playtech two years ago has really helped us to accelerate and improve our offering, during that period we have seen extremely pleasing growth, significantly increasing client funds, volume and income.
“It now feels like the right time for me to take on a more strategic role as a non-executive director of the group, and I look forward to capitalising on the huge potential that lies ahead.”
Continuing as chairman of CFH Group and CFH Clearing, Levin is to take over from Frahm in the day to day running of the company, building upon experience gained since joining the company in 2011.
Ron Hoffman, TradeTech Group CEO, commented: “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.”
