Saxo Bank, the online multi-asset broker, announced today the appointment of Alessandro Bressan, as Global Head of Equity Products. According to the firm, this appointment marks a further step in the implementation of Saxo Bank’s ‘one bank, one platform’ strategy aimed at building product coverage across all main asset classes to meet the needs of both individual investors and its institutional client base.
Alessandro will be based in London where he will also assume responsibility for UK sales covering European clients as well, reporting to Dennis Malamatinas, Global Head of Regions and Global Marketing. He joins Saxo Bank with more than 15 years’ experience in equity sales and trading, most recently at Deutsche Bank where he was Global Head of dbIntegrate Sales, a front to back office solution for equity execution, settlement and custody. Prior to Deutsche Bank, Alessandro spent almost eight years at Morgan Stanley where he worked on the equities electronic trading desk, covering clients trading equities, futures and options, as well as swaps. Latterly, he also held a cross-divisional role in prime brokerage sales and electronic trading, leveraging the synergies of the two businesses to provide an integrated service to hedge funds.
No Pain, No Gain: A New Dawn for the South African CFD IndustryGo to article >>
Commenting on the appointment, Matteo Cassina, Head of Business Lines, Saxo Bank said: “Alessandro’s addition to the team and our strategy to enhancing our asset class and product excellence presents opportunities for us to further extend and grow our white label solutions which are currently used by over 100 financial institutions worldwide.”
Adding to this, Alessandro said, “There are significant opportunities with small and medium sized hedge funds that in the last few years, due to both resource constraints and high on-boarding/maintenance costs are no longer being served by the largest Prime Brokers. Smaller managers often achieve better performance than their larger peers, but they struggle to find providers who can support them across multiple asset classes with a single margin. This presents an opportunity for Saxo Bank which further provides these clients with the added assurance of being a regulated entity holding bank licenses in a number of jurisdictions. We are also planning to fill an important gap for those institutional clients who are looking to outsource their trading infrastructure and post trade services to enable them to focus exclusively on their core businesses.”