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Press Release

Saxo Bank appoints Steve Weller as CEO of the MENA Region

Saxo Bank, the leading Fintech specialist focused on multi-asset trading and investment, today announces the appointment of Steve Weller as CEO of the MENA Region.

Steve Weller will be based in Saxo Bank’s Dubai office and report directly to Damian Bunce, CCO of Saxo Bank. 

In his new role, Steve will assume the overall responsibility to grow and develop the business and client base in the region by making Saxo Bank the first choice for traders, investors and wholesale clients in the region. 

Steve has more than 25 years of international experience and know-how in the global foreign exchange market. Most recently, Steve was Managing Director and Global Head of Sberbank of Russia’s (CIB) foreign exchange business. Before joining Sberbank CIB he was the head of Foreign Exchange Asia-Pacific at Barclays PLC, based in Singapore and previous to this the global head of FX spot and forward trading at Lehman Brothers. 

Commenting on his appointment, Damian Bunce, CCO of Saxo Bank, said:
“We are extremely pleased to welcome Steve on board as the CEO of the MENA region. Steve is a highly accomplished, resourceful and results-focused senior executive with a proven track record in consistently delivering robust and sustainable results. The MENA region is central to Saxo Bank’s strategy and we have a truly unique offering to bring to the market. We need to execute effectively on the many opportunities and I am very excited that Steve will lead these efforts.” 
 
Steve Weller commented on the new role:
“I am truly excited to join Saxo Bank and very much look forward to helping develop our business in Dubai and the wider MENA region. With the financial industry’s attention increasingly turning to technology and digital client experience, Saxo’s reputation in fintech makes it the perfect place to operate in order to be at the forefront of these developments. “

“Saxo Bank provides uniquely broad and efficient access to global capital markets for its clients which is becoming increasingly relevant as clients seek to balance portfolios across geographies and asset classes.” 

“Saxo also offers its technology to other banks and brokers, delivering “Banking-as-a-Service” and this in my view is a particularly interesting growth opportunity. The financial industry is at an inflection point as banks seek to replace inefficient infrastructure with more cutting edge technologies. It appears highly likely that partnerships around technology will grow in number and depth allowing these banks to service clients with a best in class client experience at a fraction of the cost of old legacy systems.”

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 www.home.saxo.

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15
2900
Hellerup
Denmark

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