Saxo Bank (SCHWEIZ) AG Appoints Antonio Ferrante as New CEO
Saxo Bank, the online trading and investment specialist, today announces the appointment of Antonio Ferrante as the new CEO of Saxo Bank (Schweiz) AG. Antonio Ferrante will report to the board of Saxo Bank (Schweiz) AG.
Antonio Ferrante’s appointment is an important step in Saxo Bank’s strategy to continue its growth in Switzerland. Antonio Ferrante has more than 25 years of experience in banking in Switzerland and has worked for major banks such as Citi, UBS and most recently, Credit Suisse which he joined in 2001.
Saxo Bank (Schweiz) AG was launched in February 2008 and has since grown successfully both the institutional and private side of the business. Part of the institutional business comprises large institutional banks and brokers who are already contracted outside Switzerland but serviced in Switzerland. Going forward, this part of the business will be serviced out of London or Saxo Bank’s headquarters in Copenhagen as was the case previously. The other part of the institutional business which is contracted and serviced locally will remain so along with the private part of the business.
The newly appointed Chairman of the board of Saxo Bank (Schweiz) AG, Dennis Malamatinas said:
“We are delighted to announce the appointment of Antonio Ferrante for this key position. Antonio brings more than 25 years of experience relevant to all aspects of our Swiss business such as trading, asset management and private banking.
“We would like to take this opportunity to thank Søren Mose, the previous CEO and his management team of Ian Keates and Martin Beinhoff for their contribution to the growth of a healthy business in Switzerland and we wish them all the best in their future endeavours.”
Commenting on his new role, Antonio Ferrante said:
“I feel excited about this great opportunity to grow Saxo’s business in Switzerland. By leveraging Saxo’s technology and multi-asset class trading capabilities, we can empower both our institutional and private clients to seize investment opportunities and engage with the markets in the innovative environment that Saxo offers.”
Tobias Straessle remains the acting interim CEO until 5 January, 2015 when Antonio Ferrante takes over the position.
At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.
Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, Saxo has more than 2,500 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: www.home.saxo