Saxo Bank hires new Director of global FX and fixed income

Mr Braithwaite comes to Saxo Bank following a long career in FX, including his last role as managing director, head of FX Trading and Sales, Singapore for Royal Bank of Canada where he also held a number of related trading roles since 1994. Previously, he worked for Nomura Bank International Plc, HSBC and EBCO Amro Bank.

The new hire and creation of the COO trading role reflect a change in the bank’s structure, to enhance professionalism and integration of all of the Bank’s activities and services together with front office risk management and quantitative analysis.

“Our approach to building up Saxo Bank’s global reach, is partly in ensuring greater co-ordination between all of our business lines: foreign exchange, fixed income, options and derivatives and equities and futures, together with our services: IT, Marketing, business and legal,” says Mr. Sabet. “To do so, we need to strive for even greater professionalism, and as such we have elected to create and appoint a COO for trading and it was essential to follow this up by hiring someone of Steven’s caliber to take over day to day FX and fixed income management.”

The structural change underscores the growing regionalisation of Saxo Bank and the commitment to extending professionalism and seamless integration of all business practices, together with risk management.

“A function of COO is implemented at the global level of trading and the Bank’s business lines to ensure co-ordination between all of Saxo Bank’s services. With a host of new offices and regional hubs in place, this new structure will be indispensible,” adds Mr Sabet.

Mr Braithwaite, who takes up the role from 18 February onwards, will be based in Saxo Bank’s Copenhagen office where he will manage a team of 15 and will answer to Mr Sabet. His responsibilities include overseeing all aspects of business for the Bank’s Foreign exchange and Fixed income divisions.

About Saxo Bank A/S

Saxo Bank A/S is a global investment bank specializing in online investments in international Capital Markets. Saxo Bank enables clients to trade currencies, shares, CFDs, futures, options and other derivatives, as well as providing portfolio management via our online trading platform, SaxoTrader. SaxoTrader has been developed by Saxo Bank and is available to today's investor directly through Saxo Bank or through one of our global partnerships, where it forms an integral part of their infrastructure. One of Saxo Bank's significant areas of business is White Labelling. This involves the bank’s online trading platform being customized and branded for other financial institutions and brokers. Saxo Bank has more than 100 White Label Partners and boasts thousands of clients in over 177 countries. The bank's website www.saxobank.com receives approximately 65,000 visitors every day. Saxo Bank currently employs more than 1,200 employees from 58 different countries.

Saxo Bank has its headquarters in Copenhagen, with offices in London, Geneva, Zürich, Singapore and Marbella. It also runs a representative office in Beijing and an IT development centre in St. Petersburg.