CFH Group to spearhead industry consolidation

CFH Group, has appointed to the Board former Citibank executive Dipak Rastogi.

First Published by e-Forex News: January, 2015

CFH Group, has appointed to the Board former Citibank executive Dipak Rastogi. Dipak brings extensive deal making and financial markets experience gained from over 30 years in senior management roles across the globe.

CFH sees this as an opportune time to invest in and partner with institutional STP brokers and technology companies who are servicing the B2B segment with yearly revenues of between 5-30m USD.

Christian Frahm, CEO, CFH Group comments, “As larger banks are pulling out of the prime brokerage space because of increasing margins and balance sheet requirements we view it as a great opportunity for smaller players to join us in a bigger effort to fill the gap left by the banks.

“Dipak Rastogi, former CEO and Chairman of Citi Venture Capital International, is considered one of the most respected private equity investment professionals internationally. We are honoured to welcome him to the board of CFH Group and are thrilled to benefit from his extensive industry knowledge and deal making experience to help us in our next phase of growth.’’

Dipak Rastogi adds, “Every time you see a market event like the Swiss National Bank announcement it offers a major opportunity for someone to step up and take leadership. CFH has built a truly impressive business, with phenomenal growth particularly over the last three years. I have been thoroughly impressed with the team, the technology and the quality of the organization overall. I view CFH as an excellent vehicle for partnering and investing in other leading companies, creating a larger group where the sum becomes much more valuable than the individual parts. Having completed numerous deals in the financial sector during my 30 year career at Citi, I look forward to bringing my experience and network to help CFH take the lead in consolidating the industry.”