OSL Taps Ex-Saxo Bank CEO to Head Prime Brokerage Business

BC Group-subsidiary OSL announced on Thursday the appointment of Matt Long as its head of distribution and prime brokerage. He was previously the CEO of Saxo Bank Hong Kong.

Already assumed in his new role, Long is responsible for overseeing all of OSL’s distribution activities, including institutional and Software-as-a-Service (SaaS) Software-as-a-Service (SaaS) Software-as-a-Service (SaaS), is defined as a subscription-based software licensing model that is nested through external servers. Generally accessible through an Internet connection, SaaS requires users to log into the system by using credentials such as a username (or email) and passwords. One of SaaS’s biggest advantage would be that users aren’t required to download software onto their devices but rather only require an Internet connection to gain program access. While many trading platforms Software-as-a-Service (SaaS), is defined as a subscription-based software licensing model that is nested through external servers. Generally accessible through an Internet connection, SaaS requires users to log into the system by using credentials such as a username (or email) and passwords. One of SaaS’s biggest advantage would be that users aren’t required to download software onto their devices but rather only require an Internet connection to gain program access. While many trading platforms Read this Term) white-label sales in addition to its prime brokerage business.

Commenting on the new position, Long said: “OSL is a global leader because of its unique institutional-level capabilities for digital assets, 100% focus on clients and talented delivery team. I’m thrilled to be joining the company as it continues its rapid growth trajectory in the sector.”

He is bringing over 20 years of experience to the company and is an expert in financial services and global capital markets.

Long parted ways with Saxo Bank Hong Kong last December after his tenure of two years. Prior to that, he headed global sales and Asian business of OFX, a financial services company.

He also worked for ANZ and Macquarie Group in various senior-level roles related to fund distribution and structured origination.

Jumping into digital asset offerings

Founded in 2003, BC Group shifted its focus on digital assets in recent years with the boom in the nascent industry. OSL is the digital asset trading services platform of the group through which it is targeting institutional clients.

“In the past year, we've made significant strides in growing our business, expanding our product offering and serving clients,” said Wayne Trench, CEO of OSL. “With his global and institutional focused digital banking background, Matt brings unique perspective and experience to OSL, and he is well-suited to lead a team that is delivering leading-edge digital asset solutions to counterparts around the world.”

The group also raised $36 million in a recent share placement, Finance Magnates reported last week.