Financial investment and holding company United Fintech announced on Tuesday that it has hired Anders Johansen as its Chief People Officer.
The newly created role will see Johansen managing United Fintech teams across its global offices in London, Copenhagen, New York, Singapore, Dubai, Madrid, Berlin, Craiova, and Oslo.
Johansen will be based in United Fintech’s Copenhagen office and will report to company CEO Christian Frahm.
The new exec has prior experience in people roles at several large, global conglomerates.
For example, he was Global HR Director at Unity Technologies, in the company’s Product and Engineering divisions. During his nine years at the firm he grew the company from 200 to 8,000 employees.
Significantly, part of that role involved integrating acquired companies into the wider business.
That experience will come in handy at United Fintech, which is something like a cross between a private equity firm and a financial technology business.
The Danish firm was set up in 2020 and has acquired several businesses since then, including FX trading technology companies CobaltFX and NetDania.
What the company is likely doing is looking for companies that are potentially very profitable but lack the ability to scale significantly, as they operate in a niche. Exiting such businesses via a public listing can be hard for founders.
United Fintech can thus – potentially – acquire such firms at more attractive rates, bundle them together for any synergies, and then operate them as one, large group entity that is very profitable.
The company was founded by Christian Frahm, one of the original founders of liquidity provider CFH Financial, which has gone on to become part of the wider Finalto group of companies.
