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Press Release

Saxo Bolsters UK board as institutional build-out gathers momentum

Saxo Capital Markets UK Ltd. (SCML), the UK subsidiary of Saxo Bank A/S, today announces new appointments to its Board of Directors.

Anthony Belchambers has been appointed Non-Executive Chairman of the Board. A non-executive director at SCML since September 2014, Anthony will continue to provide invaluable expertise on the regulatory environment and help guide the business through the next phase of the institutional build-out. Anthony founded FIA Europe, formerly the Futures & Options Association, in 1992 and was its Chief Executive until March 2014. He remains a special adviser to FIA Europe.

Richard Balarkas has joined the board as Non-Executive Director. Widely regarded as one of the pioneers of electronic trading, Richard brings to the board extensive industry and regulatory expertise gained over thirty years of working in financial markets. His experience includes senior roles at Credit Suisse, where he was instrumental in creating the bank’s electronic trading business, and more recently at Instinet Europe, the institutional agency broker, where he served as CEO.

David Gelber has also joined the board as Non-Executive Director. A seasoned director, David combines extensive corporate governance expertise with a deep understanding of electronic trading. During a career spanning four decades, David has served as COO of ICAP plc and COO of HSBC Global Markets among others. He currently holds a number of non-executive director positions, including at Intercapital Private Group Ltd, a holding company with investments in trading platforms and previously majority owner of CityIndex Ltd.

Matteo Cassina, CEO, SCML, said: “We are thrilled to continue to work with Anthony in this new capacity and to welcome Richard and David to the board. Their combined capabilities will be invaluable as we continue to diversify our business and revenues in an environment in which regulatory compliance is a core focus for us. Our new board reflects the significant transformation of Saxo Bank’s business in the UK. Our ambition is to further build out our multi-asset trading capabilities with London as a major hub for our institutional offering and facilitate partnerships and collaborations that make trading and investment opportunities accessible and efficient.

“With regulatory requirements for major asset classes converging, Saxo is ideally placed to offer unrivalled trading capabilities, liquidity and post-trade solutions to meet the multi-asset trading needs of institutions and their clients

Saxo has continued to bolster its institutional multi-asset trading credentials with a number of appointments from major financial institutions over the past year. These include Peter Plester who joined from Rabobank to lead FX prime brokerage; Gerard Lelliott who joined from Deutsche Bank to lead Saxo’s prime of prime services offering, Alessandro Bressan, who joined from Deutsche Bank to lead Saxo’s global equities offering and Alexander South who joined from Jefferies Bache bringing expertise in the listed derivatives space to Saxo’s institutional segment. Today, Saxo’s institutional business spans trading, prime brokerage, liquidity and post-trade services, as well as a well-established white label trading solutions business

Anthony Belchambers, Non-Executive Chairman, SCML, commented: “The appointments reflect the board’s commitment to push forward with the ambition to address the increasingly complex trading environment and deliver financial institutions and professional investors with an innovative and sophisticated trading and post-trade infrastructure. Saxo has tremendous credentials in bringing innovations to trading, and I am confident the bank has a significant role to play as an essential pillar of the market infrastructure of the future”

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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

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

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