The Swiss arm of one of the leading European brokers offering foreign exchange and CFD trading has announced that Antonio Ferrante will join the company as the new CEO of Saxo Bank (Schweiz) AG. He will be reporting directly to the Board of Saxo Bank (Schweiz) AG.
The appointment of Antonio Ferrante comes after a recent executive reshuffling at the helm of Saxo Bank (Schweiz) AG.
The company’s senior executive team parted ways with the firm, after former CEO Søren Mose headed Saxo Bank (Schweiz) for seven years. Chief Operating Officer (COO) Ian Keates and Saxo Bank Switzerland’s Chief Financial Officer (CFO), Martin Beinhoff, also left their positions vacant after jointly disagreeing with a strategic decision which Saxo Bank implemented.
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The bank has decided to move the servicing of institutional clients already contracted outside of Switzerland to London or Copenhagen.
The newly appointed Chairman of the Board of Saxo Bank (Schweiz) AG, Dennis Malamatinas, shared in the company announcement, “We are delighted to announce the appointment of Antonio Ferrante for this key position. Antonio brings more than 25 years of experience relevant to all aspects of our Swiss business such as trading, asset management and private banking.”
“We would like to take this opportunity to thank Søren Mose, the previous CEO and his management team of Ian Keates and Martin Beinhoff for their contribution to the growth of a healthy business in Switzerland and we wish them all the best in their future endeavours,” he concluded.
The newly appointed CEO Antonio Ferrante stated, “By leveraging Saxo’s technology and multi-asset class trading capabilities, we can empower both our institutional and private clients to seize investment opportunities and engage with the markets in the innovative environment that Saxo offers.”
Tobias Straessle will remain acting interim CEO until January 5, 2015, when Antonio Ferrante takes over the position.