Saxo Bank (SCHWEIZ) AG Appoints Antonio Ferrante as New CEO
Saxo Bank, the online trading and investment specialist, today announces the appointment of Antonio Ferrante as the new CEO of Saxo Bank (Schweiz) AG. Antonio Ferrante will report to the board of Saxo Bank (Schweiz) AG.
Antonio Ferrante’s appointment is an important step in Saxo Bank’s strategy to continue its growth in Switzerland. Antonio Ferrante has more than 25 years of experience in banking in Switzerland and has worked for major banks such as Citi, UBS and most recently, Credit Suisse which he joined in 2001.
Saxo Bank (Schweiz) AG was launched in February 2008 and has since grown successfully both the institutional and private side of the business. Part of the institutional business comprises large institutional banks and brokers who are already contracted outside Switzerland but serviced in Switzerland. Going forward, this part of the business will be serviced out of London or Saxo Bank’s headquarters in Copenhagen as was the case previously. The other part of the institutional business which is contracted and serviced locally will remain so along with the private part of the business.
The newly appointed Chairman of the board of Saxo Bank (Schweiz) AG, Dennis Malamatinas said:
“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.”
Commenting on his new role, Antonio Ferrante said:
“I feel excited about this great opportunity to grow Saxo’s business in Switzerland. 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 remains the acting interim CEO until 5 January, 2015 when Antonio Ferrante takes over the position.
Saxo Bank Group (Saxo) is a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.
For 25 years, Saxo’s mission has been to democratize investment and trading, enabling clients by facilitating their seamless access to global capital markets through technology and expertise.
As a fully licensed and regulated bank, Saxo enables its direct clients to trade multiple asset classes across global financial markets from one single margin account and across multiple devices. Additionally, Saxo provides wholesale institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology, supporting the full value chain delivering Banking-as-a-Service (BaaS).
Saxo’s award winning trading platforms are available in more than 20 languages and form the technology backbone of more than 100 financial institutions worldwide.
Founded in 1992 and launching its first online trading platform in 1998, Saxo Bank was a Fintech even before the term was created. Headquartered in Copenhagen Saxo today employs more than 1500 people in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Hong Kong and Tokyo.