Danish broker, Saxo Bank has expanded its institutional offering, culminating in the launch of Saxo Markets, the firm’s sovereign business platform aimed at growing its global institutional client base, according to a Saxo Bank statement.
Currently, Saxo Bank’s institutional business encompasses a broad latitude, including trading, prime brokerage, liquidity and post-trade services, as well as a well-established white label trading solutions business. Saxo Markets’ launch has coincided with a number of other initiatives by the multi-asset broker, this time targeting development beyond its institutional hubs, such as London, Denmark, and Singapore.
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According to Jennifer Hansen, the company’s Head of Institutional Business, in a recent statement on the launch: “With the launch of Saxo Markets we are re-affirming our commitment to servicing the needs of the institutional marketplace. With regulatory convergence bringing more similarities to how asset classes are traded, we are seeing growing demand from a range of clients looking to leverage our trading and liquidity solutions, allowing them to focus on their core businesses.”
The launch of Saxo Markets follows on the heels of several senior level appointments across its global business, many of which during August 2015. These have included Savaş Divanlıoğlu as its Head of Saxo Capital Markets Turkey, Philip Wegloop to the newly created role of Chief Experience Officer (CXO), and Søren Kyhl as its Chief Operating Officer (COO) and member of the Management Board.