FNG Exclusive… FNG has learned that another longtime CFH executive has left the B2B Forex company, which is now part of TradeTech Group and owned by Playtech (LON:PTEC).

Søren Bjerregaard, who headed sales for CFH Clearing for the last 11 years, has resigned from CFH and will be joining digital asset exchange GCEX as that company’s new Sales Director.

The move by Mr. Bjerregaard reunites him with his former boss at CFH, Lars Holst. Mr. Holst was a co-founder of CFH and served as CEO from 2008-2018, when he left CFH soon after the company was acquired by Playtech for $120 million to set up GCEX.

FNG spoke with Lars Holst about his new hire. Mr. Holst noted:

I am happy to be reunited with Søren, we started working together almost 20 years ago and I am excited about Søren joining the GCEX journey and adventure.

We had previously reported that a number of executives at financial companies acquired about three years ago by Playtech (including CFH) were leaving the group. Mr. Holst’s co-founder at CFH, Christian Frahm, left all duties with the company back in June. Muhammad Rasoul, co-founder of Alpha Capital Markets which also formed part of TradeTech left his duties there last month.

GCEX, which calls itself “Digital Brokerage 4.0”, is an advanced digital asset and currencies technology solution for institutional and professional clients.

Headquartered in London, GCEX is part of the GC Group. The company was established in 2018 in response to demand for regulated and compliant exposure to the digital asset market. Authorised and regulated by the Financial Conduct Authority, GCEX provides funds, brokers, asset managers, professional traders and banks with an advanced suite of integrated financial technology products including AI applications, allowing clients to automate on-boarding, offer and trade digital assets and currencies with tight spreads, deep liquidity from Tier 1 banks and solutions for clearing.