Ex-Saxo Bank Director Sander Laugs Joins Crypto2Cash

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 Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term and 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 Read this Term,” 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.

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.