Matteo Cassina, one of the highest ranking executives at Saxo Bank and the CEO of Saxo Capital Markets, has parted ways with the group. He will be leaving the group and Jeff Zorek will replace him as interim CEO.
A permanent replacement has been identified and will take over in the role in 2018. Saxo Bank has also started a search to fill the role of Global Head of Sales, a company spokesperson shared with Finance Magnates.
Mr Cassina had been with the company since 2014, when he joined as a board member of Saxo Banque France and took the CEO position. He also held the role of Global Head of Sales.
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Matteo Cassina has been involved in the financial industry for over 20 years. After working at a number of big banks including BNP Paribas, Goldman Sachs and Merrill Lynch, he served as President of Citadel Securities Europe for over 4 years.
Before joining Saxo Bank, Cassina also sat on the boards of Nasdaq Europe and Boerse Berlin.
Cassina is also a board member of IT SOFTWARE, a company that is focused on developing financial solutions.
Recently the ownership of the Danish bank changed, with the venture of Chinese billionaire Li Shefu Geely taking a controlling stake of 51.5 percent. The largest shareholder of Nordea, Sampo PLC also invested in the company, taking a stake of over about 20 percent.