Breaking: Lars Holst Resigns as Chairman of CFH Clearing

One of the founders of CFH Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term, Lars Holst, has resigned from his position of chairman at the company. The changes were officially publicized in a filing by UK Companies House earlier today. The resignation comes a little over a year after Playtech acquired CFH Group.

Discover credible partners and premium clients at China’s leading finance event!

Mr Holst held the position of CEO at the company until July last year, when he was succeeded by Matt Maloney.

Commenting to Finance Magnates on the news, a spokesperson for CFH Clearing stated: "As a natural progression after the Playtech takeover, Lars is looking to pursue alternative opportunities. Christian Frahm, Founder of the CFH Group of companies, has stepped up as Chairman."

The board of CFH Clearing currently also includes the Matt Maloney, Executive Director Ole Rossing, CTO Troels Madsen and Finance Director Paul Mildon.

After the acquisition of CFH Group, the financial division of Playtech, TradeTech was restructured to include CFH Clearing as an STP provider of FX Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.