Danish multi-asset brokerage Saxo Bank has just announced that the company is onboarding two new experts to set up a quant unit. The company is undertaking the move to deliver new risk management tools to clients in the near future.
Saxo Bank will also deploy tools that enable it to optimise its own risk profile.
Quantitative risk management has been of invaluable help to financial institutions. Cross-asset class quantitative research alongside strategic approaches towards the subject has led to greater efficiency for a number of companies.
Commenting on the news, the COO of Saxo Bank, Søren Kyhl, said: “With Jesper and Hans-Jørgen on board, we strive to offer our clients new cutting-edge risk management tools including forward-looking risk measurements.
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We continue to believe that it is paramount we create win-win with our clients by helping them manage their risk in a much better way. Forward-looking risk measurements are an integral part of professional trading in financial markets, however, so far, no provider has been able to offer such tools to a wider retail audience.”
The retail audience of financial markets has been largely left in the dark when it comes to applying complex mathematical methodologies towards trading and risk management. The Danish company is aiming to fill the gap and deliver a high-level quant products into the hands of its clients.
Jesper Andreasen and Hans-Jørgen Flyger are experts in the quantitative approach towards financial markets. Hailing from the institutional unit of Danske Bank, both bring a wealth of experience to Saxo Bank and its clients.
Mr. Andreasen was Head of the Quant department (Kwant Daddy) and Mr. Flyger was previously Head of Derivatives & Risk IT.
The new team will be reporting to Global COO, Søren Kyhl.
“Ensuring that our clients have the best risk management tools and the most relevant information readily available to them is a key part of our efforts to support our clients’ activity in global capital markets,” elaborated Kyhl.