Forex industry consolidation hits new heights as CFH Group hires Citi VC executive Dipak Rastogi

CFH Group, the holding company behind a group of global organisations in the online trading sector, today announces the appointment to the Board of 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” concluded Mr. Rastogi.

Mr. Rastogi was CEO and Chairman of Citi Venture Capital International for 13 years until December 2013, with over 8 billion USD private equity assets under his management.

Previously he was Group Executive Head of Central & Eastern Europe, Middle East, South Asia and Africa (CEEMEA), responsible for all aspects of Corporate, Investment Banking and trading activities for 38 countries in this Emerging Markets region for Citi. His previous roles include Head of Global Derivatives, Co-Head of Citibank’s Global Markets business and Co-Head of Corporate Finance. He has a strong track record as a leader, growing and managing successful businesses.

CFH Group is a global holding company that brings together exceptional people, ideas and resources within online trading services. The group founded CFH Clearing, CFH Systems and Tradable, and recently acquired a significant stake in Tradimo Interactive. Each of the individual companies in the group are strong players within their niche sector and all seek to provide commercially-driven trading, technical and marketing solutions to financial institutions globally.

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