Saxo Bank Appoints GFT Group to Identify New Business Efficiencies

GFT Group is a top business consulting company aiming to assist global financial institutions.

Saxo Bank has partnered up with GFT Group to continue with its global transformation strategy. The Danish multi-asset brokerage has hired the consultancy company to accelerate its business transformation initiative.

The UK based consultancy will be utilizing its extensive expertise to assist Saxo Bank in its restructuring that started a couple of months ago and was reported on by Finance Magnates.

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Saxo Bank has hired the external consultancy to get assistance in devising the next phase of its growth strategy. According to a statement made by GFT Group the Danish company aims to enhance operational efficiency and client service, while maintaining a scalable, efficient and low cost core operation.

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The Global Head of Operations at Saxo Bank, Gerry Lelliott, elaborated: “GFT’s expertise and experience in this area will help to make sure that our world class operations initiative will deliver a range of advantages for Saxo Bank’s clients, including greater efficiencies across a number of business functions. We look forward to working with GFT on this exciting initiative.”

Saxo Bank will welcome a group of experienced business and technical specialists who will be working in conjunction with the Danish bank’s staff onsite. The consultants will aim to ramp up a programme of work, which will be delivered to a tight timescale. The identification of tactical and strategic wins for the bank will be instrumental as GFT Group works with key client stakeholders.

Commenting on the matter, the Chief Operating Officer at GFT Group, Marika Lulay, said: “GFT works across the investment, retail and wealth management areas of many of the leading global banks and this latest appointment by Saxo Bank is a testament to their faith in our well-coordinated international team of specialists being able to deliver a strategic project with challenging timelines.”

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