Saxo Bank Promotes HR Officer Stig Christensen to Head Sales

Saxo Bank, the Copenhagen-based FX and multi-asset broker, has promoted his current Chief Human Resources Officer, Stig Christensen, to assume a new role as Chief Sales Officer. He joined Saxo Bank in 2016 from a senior search role at Russell Reynolds Associates.

Despite his new job title, Christensen will also maintain his old position as responsible for HR affairs until a permanent replacement is found, Saxo Bank’s statement states, adding that his appointment follows the departure of its chief commercial officer Damian Bunce. The ex-Goldman Sachs man had originally joined the Danish investment bank in 2018 as Chief Client Officer.

“We would like to thank Damian for his contribution to Saxo Bank and for the important role he has played in developing our commercial culture over the last two years. We wish him the very best in his future endeavours,“ Saxo CEO said in a statement.

In his new role as Chief Sales Officer, Christensen will be in charge of commercial activities and also oversee the sales’ strategy and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term worldwide, collaborating with marketing to develop the outreach to the various industries that Saxo’s products address.

“Having worked with all aspects of our business during the last four years, it is clear to me that Saxo Bank has a very strong proposition with on the one hand our digital engagement, technology, platforms and products and, on the other hand our competent sales force and client services staff,” Stig Christensen also noted.

Saxo Bank shakes up management team

For the past 12 years, Christensen’s career has been centered around management consulting, executive search and assessment, sales training and sales strategy development. Prior to that, he was Managing Director for Carlsberg’s French subsidiary in Paris. Other stops include different stints across Germany, Switzerland, and France, including working a senior sales role at Carlsberg and Tuborg on the Danish Market.

Saxo Bank has been shaking its management following the acquisition of Dutch lender BinckBank. Steven Clausing, a member of the board and former chief operating officer of BinckBank, has left the company, and confirmed his departure was in connection with Saxo Bank’s offer.

The two companies revealed they already started working on the integration of their technology infrastructure and plan to launch additional products and services to better compete in light of growing competing in the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term and investment sector.

Saxo said that their similar geographic footprint, products, and customer bases meant the merger made sense and would also drive efficiencies.

Commenting on the appointment, Saxo founder and CEO said: “Stig has proved a highly effective leader with a strong commercial mindset and has been instrumental in the build-out of our global organisation. These are important qualities as we continue to welcome more clients and assets across markets, and we are confident that he will take the global sales organisation to the next level to ensure win-win with our clients and partners.“