Saxo Bank appoints Ashok Kalyanswamy as Chief Information Office
Saxo Bank, the investment and trading specialist, has today announced the appointment of Ashok Kalyanswamy as Chief Information Officer (CIO) and a member of its Executive Team. The appointment follows Ashley Latham’s decision to step down as CIO.
Kalyanswamy joins Saxo Bank with over 20 years of experience working in various senior technology positions at firms such as Lehman Brothers and Nomura and most recently served as Division Director and CIO for the Macquarie Securities Group based out of Hong Kong
In his new role, Kalyanswamy will be responsible for the strategic direction and operations of Saxo Bank’s global IT organization, serving as the leader for the bank’s IT-team of around 500 employees. He will assume the role in January 2017 and will be based in Copenhagen.
Commenting on the appointment, CEO and co-founder Kim Fournais said: “We are thrilled to be welcoming Ashok, who brings with him a wealth of experience in developing innovative information technology solutions for leading global financial institutions, and have him further strengthen the excellent foundation passed on from Ashley Latham. Technology has never been more important for the financial industry and it is absolutely key to our role as a financial markets facilitator. With Ashok’s extensive experience in this area and his renowned skills as a manager, I am sure that he will be a real asset for our IT-organization, the firm as a whole, and thereby further strengthen our deliveries that enable our clients to access global capital markets.”
Ashok Kalyanswamy added: “I am pleased to be joining Saxo Bank at a time of great change for the industry as financial institutions increasingly look at information technology innovation to more effectively service their clients. With a long history as a fintech innovator, Saxo Bank is uniquely positioned to benefit from these industry trends and I look forward to help drive the further development of Saxo Bank’s renowned technology.”
Saxo Bank is a leading Fintech specialist and global multi-asset facilitator of capital markets products and services. Saxo enables private clients to trade more than 35,000 instruments from one single margin account.
Additionally, Saxo provides institutional clients such as banks and fintechs with Open Banking solutions from multi-asset execution, prime brokerage services to trading technology. Founded in 1992, Saxo Bank has embraced Open Banking from the beginning and is focused on helping clients and partners through win-win partnerships and product innovation.
Since launching its first online trading platform in 1998, Saxo Bank works to empower everyone to navigate their financial future by opening up access to trading and investment. The Saxo Group’s client assets total more than 45 billion euros, and the Group employs more than 2100 people in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.For more information, please visit http://www.home.saxo.