Public Relations, Saxo Bank
26 October 2015

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 Be...

​​​​​​​​​​​​​​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”​

Media enquiries

Cathrine Kier, Head of Communications
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About Saxo Bank

Saxo Bank was established in Copenhagen in 1992 and has 1,500 employees and offices in 25 countries. From its origins as one of the pioneers in online trading technology, Saxo Bank’s award-winning multi-asset trading platform now provides access to over 30,000 OTC and exchange-traded products, with Direct Market Access (DMA) to over 50 global exchanges, dark pools and other trading facilities.

The Saxo Bank value chain strives to have a high Straight Through Processing (STP) ratio and comprises trade execution, risk monitoring (real-time position keeping, unrealised P&L, margin utili¬sation and NAV) and clearing and settlement.

Since 2004 Saxo Bank has provided white label versions of its trading platforms to financial institutions around the world and now has over 120 White Label Partners giving their clients access to global markets via Saxo Bank’s technology.

For over two decades of constant change Saxo Bank has been at the forefront of technological development as markets, regulations and web and mobile technologies have evolved, and the goal remains the same – to provide access to the most markets, the deepest liquidity, the most competitive pricing and the best tools, to enable clients to execute trades and manage risk in the world’s markets from a single account with one margin calculation.

About Saxo Capital Markets

Saxo Capital Markets UK Limited is a wholly owned subsidiary of Saxo Bank A/S, the parent company of the Saxo Bank Group, an international financial services group specialising in trading and investment across global financial markets. Saxo Bank has operated in the UK since March 2006, initially as a branch of Saxo Bank A/S and since 1 January, 2012 as Saxo Capital Markets UK Limited.

Saxo Capital Markets UK Limited is authorised and regulated by the Financial Conduct Authority, registration Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA