A former senior executive at retail broker Saxo Bank is making the move into cryptocurrency.
Sander Laugs published a post on LinkedIn this Thursday saying that he is moving to Crypto2Cash – a firm that trades fiat money for digital assets – and taking up a new role as head of Asia-Pacific.
To join the firm, Laugs will be leaving Singapore, where he has been based for almost a decade, and heading back his native country, the Netherlands, where Crypto2Cash is based.
“As most of us in the industry would agree, it has been fascinating to follow the rapid developments in and around blockchain and cryptocurrencies,” Laugs said in his LinkedIn post.
“Today, I begin a new adventure with Crypto2Cash, the world’s quickest converter of cryptos to cash.”
Swiss banking and FX
Prior to joining the cryptocurrency firm, Laugs spent four years at Bordier & Cie, a private bank based in Switzerland.
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Initially a director in the company’s private banking division, he became head of new markets in early 2017 and held that position until he joined Crypto2Cash.
Laugs got his start in the financial services industry way back in 2006.
The Dutchman began his career with Saxo Bank, working as an associate in the retail broker’s institutional sales division.
After five years with the firm, he moved to another retail brokerage giant, ADS Securities.
Based initially in Dubai, he soon moved to the broker’s Singapore office where he worked as a senior manager in the company’s foreign exchange trading division.
A couple of years after taking up that role, Laugs returned to Saxo Bank at the beginning of 2013. Eventually becoming a director in the company’s Asia-Pacific institutional business, he left the Danish company in 2015 to join Bordier & Cie.