Ex-LCG CEO Charles-Henri Sabet Launches FlowBank in Switzerland
- The new venture sought by Sabet offers access to 50+ financial global markets as well as basic banking services
Former LCG CEO, Charles-Henri Sabet is launching a start-up that promises to smooth the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone and banking experience with a software platform that allows clients to invest in different asset classes, including Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw , from a single account.
Dubbed ‘FlowBank,’ the new venture sought by the online-trading veteran and Swiss banker offers access to 50+ financial global markets as well as basic banking services. This includes a payment card that allows holders to shop and pay in CHF, EUR and USD. The new brand is located in Geneva and holds a banking license from the Swiss Financial Market Supervisory Authority (FINMA).
"We intend to bring a new experience by optimizing the world of online banking. Finally, a digital solution that allows you to invest via a single multi-currency bank account. Our value proposition is clear: an investment experience open to everyone, thanks to a mobile app and an optimized platform to deal with all asset classes in domestic and international markets,” said Charles-Henri Sabet.
FlowBank positions itself as a one-stop multi-asset experience for trading and banking. It currently employs 40 specialists, who have been there since the start of the project. However, it plans to take on further staff and develop its technology through to the end of the year.
FlowBank also says that it will open new offices in Zurich and elsewhere in 2021. The backing of Mr Sabet, one of the online trading’s best-known entrepreneurs, is a coup for the company. Essentially, the Synthesis Bank founder brings his vast business building experience in financial markets along with his investment.
Mr Sabet has kept a low profile since stepping down in 2018, ever since his CEO position at London Capital Group, which he had held since March 2014. Prior to this role, he set up FX business Trading and Commercial Consulting. In 1999, he had founded Synthesis Bank, which was sold to Saxo Bank in 2007, and stayed as its chairman until 2008, when the institution merged with Saxo.
In addition, Sabet previously served as head of global trading at Saxo Group. He was a stockholder and non-executive director of Cypriot broker JIFFIX Markets, part of his career dating back to 1982.
Former LCG CEO, Charles-Henri Sabet is launching a start-up that promises to smooth the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone and banking experience with a software platform that allows clients to invest in different asset classes, including Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw , from a single account.
Dubbed ‘FlowBank,’ the new venture sought by the online-trading veteran and Swiss banker offers access to 50+ financial global markets as well as basic banking services. This includes a payment card that allows holders to shop and pay in CHF, EUR and USD. The new brand is located in Geneva and holds a banking license from the Swiss Financial Market Supervisory Authority (FINMA).
"We intend to bring a new experience by optimizing the world of online banking. Finally, a digital solution that allows you to invest via a single multi-currency bank account. Our value proposition is clear: an investment experience open to everyone, thanks to a mobile app and an optimized platform to deal with all asset classes in domestic and international markets,” said Charles-Henri Sabet.
FlowBank positions itself as a one-stop multi-asset experience for trading and banking. It currently employs 40 specialists, who have been there since the start of the project. However, it plans to take on further staff and develop its technology through to the end of the year.
FlowBank also says that it will open new offices in Zurich and elsewhere in 2021. The backing of Mr Sabet, one of the online trading’s best-known entrepreneurs, is a coup for the company. Essentially, the Synthesis Bank founder brings his vast business building experience in financial markets along with his investment.
Mr Sabet has kept a low profile since stepping down in 2018, ever since his CEO position at London Capital Group, which he had held since March 2014. Prior to this role, he set up FX business Trading and Commercial Consulting. In 1999, he had founded Synthesis Bank, which was sold to Saxo Bank in 2007, and stayed as its chairman until 2008, when the institution merged with Saxo.
In addition, Sabet previously served as head of global trading at Saxo Group. He was a stockholder and non-executive director of Cypriot broker JIFFIX Markets, part of his career dating back to 1982.