CFH Clearing Ltd., the multi-asset execution and trading technology solutions to institutional clients, has promoted Paul Groves to the newly created role of Head of European Sales.
In this position, Mr Groves will lead CFH Clearing’s European Sales team and is tasked with various activities and operations. Paul has been with CFH Clearing since 2010, working in various sales roles, covering a variety of responsibility and internal functions. Paul will continue to work from the company’s London office and will report directly to CFH Clearing’s CEO Matthew Maloney.
Mr Groves has an illustrious professional career spanning over three decades and has held many senior level roles at Sucden Financial and ODL Securities, among others. The move to promote Paul Groves to a newly created position of Head of European Sales goes well with the firm’s Brexit plan, and also he has been the key player in the firm’s growth.
Matthew Maloney, CEO, CFH Clearing commented:
“As a result of continued global demand for our products and services, we have created a new sales structure, enabling us to accelerate our growth and scale the business even further.”
“Paul Groves was the ideal candidate for our newly created Head of European Sales role. He has a proven track record in generating long-standing clients for CFH, exceptional product knowledge and the ability to think creatively about solutions. He has an in-depth understanding of the challenges our clients face, built from many years of industry experience.”
Paul Groves added:
“I am very excited about this new opportunity. The general opinion in the industry is that the European market is struggling, largely because of ESMA.”
“However, CFH continues to grow our institutional client base in Europe, as in all territories, and we see significant opportunities in the region with both high net worth individuals and professional clients. These opportunities are because of the strength of our world-class technology and liquidity offering, our reputation in the industry for helping institutional clients to grow, and the advantages we offer from being part of Playtech, an FTSE-250 listed company.”