Saxo Capital Markets Strengthens Board With New Appointments

Richard Balarkas and David Gelber have joined Saxo's board as Non-Executive Directors, after the appointment of Anthony Belchambers in July.

Saxo Capital Markets has made a series of appointments to its board, naming two new individuals as non-executive directors, following the prior appointment of Anthony Belchambers earlier this year.

Back in July, Finance Magnates reported that Anthony Belchambers had been named as Saxo Bank’s newest Non-Executive Chairman of the Board. Mr. Belchambers has served as a non-executive director at Saxo Capital Markets Limited (SCML) since September 2014 – in his new role he has since helped steer the business through a number of institutional initiatives.

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More recently however, Richard Balarkas and David Gelber have both joined SCML’s board as non-executive directors. Mr. Balarkas joins the board with over three decades of experience across financial markets including recent senior roles at Credit Suisse and Instinet Europe. Meanwhile, Mr. Gelber has been a mainstay at ICAP plc and HSBC Global Markets, having himself garnered a lengthy career in the financial services industry.

According to Matteo Cassina, CEO, Saxo Capital Markets, in a recent statement on the appointments: “We are thrilled to continue to work with Anthony in this new capacity and to welcome Richard and David to the board. Their combined capabilities will be invaluable as we continue to diversify our business and revenues in an environment in which regulatory compliance is a core focus for us. Our new board reflects the significant transformation of Saxo Bank’s business in the UK. Our ambition is to further build out our multi-asset trading capabilities with London as a major hub for our institutional offering and facilitate partnerships and collaborations that make trading and investment opportunities accessible and efficient.”

“With regulatory requirements for major asset classes converging, Saxo is ideally placed to offer unrivalled trading capabilities, liquidity and post-trade solutions to meet the multi-asset trading needs of institutions and their clients,” he added.

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