CFH Systems to Open Office in Singapore
Expanding its institutional presence in Asia, CFH Systems’ new office in Singapore will be headed by former AxiTrader General Manager Alex Mackinnon
CFH Systems is continuing its Asia expansion with the opening of an office in Singapore, headed up by Alex Mackinnon who has been appointed Head of Asia.
Alex Mackinnon, who will be based in Singapore, will begin his role on 3 January 2018, with overall responsibility for CFH Systems in Tokyo and Hong Kong in addition to establishing and growing the operations in Singapore. CFH Systems Singapore, a wholly owned subsidiary of CFH Systems, will open in late summer 2018.
Christian Frahm, Chairman of CFH Group commented, “Asia is such a key market for us with huge growth potential. We needed to find someone with the right experience and expertise to drive the business forward in the region and help us to maximise opportunities. Alex is the ideal candidate, with over 20 years’ experience in liquidity management, risk management and compliance and a proven track record in business development and forging strong client relationships. We are very excited that such a highly respected industry expert will be joining the team to play such a key role in our global expansion plans.”
Mackinnon joins CFH from AxiTrader where he was General Manager for four years. Previous employment also includes Head of FX Prime Services at INTL FCStone (Europe) and Head of Trading at ODL Securities.
Alex Mackinnon added, “Working with Christian and his team to grow the business in Asia is a fantastic opportunity for me. Since the Playtech acquisition, CFH has one of the largest balance sheets in the industry. It’s an ambitious organisation with significant investment in its technology and infrastructure. I am look forward to joining the organisation at a time when there’s such huge potential for further growth.”
As part of its expansion plans, CFH Systems will hire staff in Singapore in 2018 whilst also adding to its existing teams in Hong Kong and Tokyo.