Saxo Markets UK Hires Simon O’Malley as the New CFO

Saxo Markets UK, the British subsidiary of the digital investing arm of Saxo Bank, announced on Thursday the appointment of Simon O’Malley as the company’s new Chief Financial Officer. In addition, he will sit on the UK subsidiary's board.

Based in London, he will take up his new role in late July and will oversee the growth of the company in UK markets.

“With a record number of new active clients onboarded during 2020, it’s an exciting time to be joining Saxo Markets as a leading online investment and trading community,” O’Malley said in a statement. “I look forward to working with the team to support its rapid growth and help the business realize its ambitions.”

Years of Experience at Global Banks

He is a qualified chartered accountant with more than 20 years of experience within the financial services industry.

Moreover, he is joining Saxo from HSBC Global Banking & Markets where he was the Program Director for business transformation. Before that, he was the Program Director and Global Risk COO at Barclays for almost two and a half years.

O’Malley spent most of his professional career at global banks. Furthermore, he spent several years in executive roles at RBS Markets and International Banking and ABN AMRO Bank.

“I am very pleased that Simon will be joining Saxo Markets as a Board Member and as Chief Financial Officer. He brings significant breadth and experience and will be a key part of the team that is tasked to deliver on our growth ambitions as Saxo continues to further broaden its relevance to more people especially within the investor segment,” said Charles White-Thomson, CEO at Saxo Markets UK. Upon joining, O’Malley will directly report to White-Thomson.

Finance Magnates recently reported that Saxo Markets added crypto products for its client base. However, those derivatives products can only be introduced to professional traders due to the FCA’s ban on the sale of retail crypto derivatives.