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Vitali Butbaev re-joins Saxo as CEO of Central and Eastern Europe

Saxo Bank, the leading Fintech specialist focused on multi-asset trading and investment, today announces that Vitali Butbaev will rejoin Saxo Bank in the role as CEO of Central and Eastern Europe. Vitali Butbaev has worked with Saxo Bank for 13 years in previous roles.  

Vitali Butbaev will report directly to Damian Bunce, CCO of Saxo Bank.  

In his role, Vitali will assume overall responsibility to grow and develop the business and client base in the CEE region. Furthermore, he is tasked to ensure alignment and execution of global strategic priorities and make Saxo Bank first choice for traders, investors and wholesale clients.

Vitali joins Saxo Bank with extensive international experience in the financial industry. He most recently served as a Founder and CEO of Velstand Capital. Vitali also spent a year at the Presidents Institute as a Group Regional Director. Prior to this, he worked with Saxo Bank for 13 years. As Regional Head of CEE & Russia, Vitali successfully led Saxo Bank’s offices in the region for seven years. He has also held various sales positions for Saxo Bank’s retail, HNW and institutional clients. 

Vitali graduated from Bauman Moscow State Technical University and Moscow Financial University. Recently he finished TRIUM Executive MBA, which is one of the world’s leading degree programs for global leaders jointly issued by NYU Stern School of Business, LSE and HEC Paris school of Management.

Commenting on his appointment, Damian Bunce, CCO of Saxo Bank, said:
“We are delighted to welcome Vitali back on board to grow and develop our business and client base in the CEE region. Vitali is an excellent senior hire with a wealth of experience and deep knowledge of the region. His leadership has been a big part of Saxo Bank’s success and we are confident that he is the right person to lead our growth journey in the CEE region going forward.” 

Vitali Butbaev commented on the new role:
”I am very pleased to return to Saxo at a time when technology, regulation and macro trends all play into Saxo’s core strengths. I had the pleasure of being part of the journey from the Bank’s more humble beginnings to an international fintech with clients in 170 countries.”

“Saxo is really a quite unique combination of cutting edge technology and good service from talented people. Saxo Bank’s core strength is delivering unparalleled access to global capital markets to traders and investors through market leading trading platforms. And by delivering ‘Banking-as-a-Service’, Saxo has a strong offering to other banks and brokers that look to leverage Saxo’s technology to service their end-clients.”

Vitali Butbaev will join Saxo Bank on May 15, 2018, and will be based in Saxo Bank’s office in Prague.

Please reach out to press@saxobank.com

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.

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