A new senior promotion has been made by Denmark-headquartered Saxo Bank, as the company has just announced the appointment of Steen Jakobsen as co-head of Global Sales Trading, adding to his existing roles as the company’s Chief Investment Officer (CIO) and as Chief Economist.
Mr. Steen Jakobsen apparently has no problem with multiple roles, as he will be wearing a third hat in the company overseeing sales trading globally alongside Theo Papathanasiou. Together they will head the division moving forward.
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Timed to align product push
The move was planned to help the delivery of the company’s SaxoStrats solution which provides real-time insights and trading ideas to all of the Saxo’s client segments globally. In addition, the press release said that this will help the firm align its sales efforts with the new solutions, launched barely a year ago.
Claus Nielsen, Saxo’s Head of Markets, commented in the press release: “We want to create the strongest Sales Trading and Strategy team possible and provide clients with a superior service in terms of research, ideas and execution. Steen’s expertise and familiarity with our business will be a huge asset in consolidating our sales trading efforts. Furthermore, the new role will be a natural extension of Steen’s existing role where he spends a considerable amount of time meeting our clients around the world .”
Saxo’s Global Sales Trading division employs 20 individuals with an average of 17 years market experience, according to the company, and Mr. Steen’s background in running sales teams includes positions he held with JP Morgan, Swiss Bank Corp, UBS, and Nordea (formerly Christiania bank), within the United States and Europe, before re-joining Saxo nearly 17 years ago.