Saxo Bank has bolstered its Turkish unit after naming Savaş Divanlıoğlu as its newest Head of Saxo Capital Markets Turkey, according to a recent Saxo Bank statement.
In his new role as the head of Saxo Capital Markets Turkey, a subsidiary of the Saxo Bank parent group, Mr. Divanlıoğlu will be responsible for overseeing the group’s operations in Turkey. He will be reporting directly to Saxo Bank’s Head of Central Eastern Europe Region, Emmanouil Lemonakis.
Mr. Divanlıoğlu joins Saxo Capital Markets Turkey with over two decades of experience across several senior level financial roles in the country. Most recently, this includes a stint as its CEO of X-Trade Brokers Turkey, as well as the Director and Assistant General Manager positions at Citibank Turkey. Previously, he had established Citigroup’s securities arm in Turkey and was the acting CEO of Citi Securities İstanbul until 2009.
According to Mr. Lemonakis in a recent statement on the appointment, “We are thrilled to have Savaş Divanlıoğlu on board. His experience across both retail and wholesale financial markets will be invaluable as we continue to pursue growth opportunities in Turkey, which is a strategically important market for Saxo Bank.”
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“With Divanlıoğlu on board, our ambition is to continue to shape the future of trading and become the platform of choice for sophisticated traders and institutions looking to access global markets,” he added.
Saxo Bank has seen a plethora of moves recently, including a pair of senior level appointments already this month. Philip Wegloop was added as its newest Chief Experience Officer (CXO), a newly created role focusing on user experience. Moreover, Saxo Bank brought in Søren Kyhl as its Group Chief Operating Officer (COO).
Previously in July, the group’s Non-Executive Chairman, Nick Beecroft, who stepped down from his position to pursue other non-executive opportunities, has since been replaced by Anthony Belchambers.
Saxo Bank is a Danish-based multi-asset trading venue, specializing in a number of instruments including foreign exchange (FX), contracts-for-difference (CFDs), futures, stocks and options. The company has made a concerted effort to change the way it relates to clients in 2015, including the discontinuation of its MT4 offering, as well as the launch of its SaxoTrader Go utility earlier this year.