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 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.