After we reported exclusively yesterday about the departure of longtime ETX Capital CEO Andrew Edwards, Copenhagen based multi asset broker Saxo Bank has announced that it has hired Mr. Edwards as the CEO of its FCA regulated UK operation, Saxo Capital Markets UK Ltd.
Andrew Edwards effectively replaces the role of Matteo Cassina, who recently resigned as CEO of Saxo Bank UK. Mr. Cassina also held the worldwide role of Head of Global Sales for Saxo Bank.
The following is the press release just put out on the matter by Saxo Bank.
Saxo appoints Andrew Edwards as new UK CEO
2nd November, 2017 – Saxo Capital Markets UK Ltd. (SCML), the UK subsidiary of Saxo Bank A/S, today announces the appointment of Andrew Edwards as new CEO effective from January 2018.
Andrew Edwards joins SCML as an experienced CEO with over eighteen years in the sector, twelve which were spent establishing and expanding a complex financial services business. Edwards most recently served as CEO of ETX Capital and his appointment will strengthen Saxo’s ambition to further build out and facilitate partnerships and collaborations as well as giving private clients access to multi-asset trading capabilities.
Anthony Belchambers, Non-Executive Chairman, SCML, commented:
We are delighted to welcome Andrew Edwards in his new role as CEO of Saxo Capital Markets. He has a deep understanding of the UK market and the proven ability to enhance our service offering to institutions, private traders and investors.
With regulatory requirements for major asset classes converging, Saxo is strongly supportive of the regulatory priority to set higher standards in the industry and for the better protection of clients. Saxo is deeply committed to prioritising customer interests and the appointment of Andrew Edwards reflects our commitment to that objective and to the UK market.
In June, Saxo Capital Markets UK decided to withdraw from the UK CFD and FX Association, a margin trading industry group. The decision followed Saxo Bank’s signing of the FX Global Code and Saxo Bank’s decision to voluntarily publish Enhanced Disclosure to promote increased transparency in the industry.