New senior FX structure reinforces Saxo Bank’s currency expertise
Based in Singapore, Kurt vom Scheidt started at Saxo in 2008 and has been instrumental in successfully growing the FX Options, the FX API and Prime Brokerage businesses. He will continue to report to Claus Nielsen, Global Head of Markets.
Prior to Saxo, vom Scheidt held various roles with business management and IT responsibilities at GFI, Commerzbank and Deutsche Bank in London.
Other appointments include Dan Larsen, FX options and spot trader at Saxo Bank since 2007, will now assume responsibility for the FX Spot, Forwards and Options trading team in Copenhagen. Jes Jorgensen has also joined Saxo in Copenhagen as a senior FX Options trader. Jorgensen was previously at Danske Bank, where he was Chief Dealer and then headed the FX Options trading team where his responsibilities extended to product development and the implementation of a new pricing and risk management system.
At the same time, Saxo Bank said Gustave Rieunier is leaving the Bank after five years as the Head of FX.
Commenting on the changes, Claus Nielsen said,
“I would like to thank Gustave for his contribution over the years. I respect his decision to leave Denmark and we all wish him luck for the future. Kurt’s personal drive and ambition for the Bank will continue to drive our foreign exchange business, especially given the trend to electronification in the market and upcoming regulatory changes. We are also proud to extend management responsibility to Dan Larsen, who has delivered solid trading performance for us over the years and, of course, we are pleased to have attracted an industry veteran like Jes to the team.
“Despite our multi-asset offering, the foreign exchange business still accounts for approximately 60% of Saxo’s revenues. The new senior foreign exchange team reinforces Saxo Bank’s currency expertise accessed by our award-winning platforms including the new, intuitive SaxoTraderGO, which brings together content, trading, account information and relationships within one, highly-accessible platform.”
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 www.home.saxo.