LONDON and COPENHAGEN, April 4, 2011 /PRNewswire/ -- CFH Markets, the global leader in the next generation liquidity and technology solutions to brokerage houses and banks, has today announced the addition of Eric Michelsen as COO and part of the management team.
Eric Michelsen joins CFH Markets as Group COO based at CFH's Copenhagen office. Eric is considered one of the most respected and knowledgeable profiles in the Retail FX space globally with background from Saxo Bank where for 7 years he served as Vice-CEO and more recently in Deutsche Bank in London where he served as an MD and in charge of Margin Retail Flow Business.
As Group COO, Eric will be responsible for improving efficiency and quality in the firms operational processes. This will include lifting competency levels as well as automation of manual processes. Active participation in the continued development of the backoffice systems to cope with growing demand from clients for greater flexibility and increasing volumes is also on the task list.
Chairman and Founder of CFH Markets, Christian Frahm, commented: "Getting someone like Eric onboard is a key milestone for CFH. There are only a handful of people in the industry with Eric's calibre and we are excited that he has decided to join the team. Eric's experience and understanding of the business is unique and will benefit both us as a company and our clients."
Eric Michelsen, Commented: "CFH Markets is a unique proposition to potential business partners as there is no direct competition between CFH and their partners as CFH is not soliciting retail business but leaves this market exclusively to the partners. I look forward to working with the existing excellent team at CFH Markets and together with them lift the quality of the technology and strengthening the procedures and processes in order to make the business even more scalable."
About CFH Markets:
CFH Markets Limited is the global leader in providing next generation white label solutions for retail brokers, banks and asset managers in retail FX and CFDs.
CFH Markets is regulated by the UK FSA and works with a variety of financial institutions in more than 45 countries, providing them with cutting edge technology and interbank access so they in turn can offer a winning solution to their clients in their local markets. CFH Markets does not compete against its own clients in the retail space, and its entire liquidity offering is STP.
Please forward any questions or comments regarding this press release to [email protected].
Contacts: Christian Frahm Tel: +44(0)207-193-6566 Email: [email protected] CFH Markets Limited 22 South Audley Street, 1st Floor | W1K 2NY | London | United Kingdom P: +44(0)207-127-4352 | F: +44(0)207-127-4353 | E: [email protected] http://www.cfhmarkets.com Registered in England, No. 6557752 Authorised and regulated by the Financial Services Authority, Registered No. 481853
SOURCE CFH Markets