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Saxo Bank hires Citigroup’s Fan Xu as CEO of Greater China


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Copenhagen based Retail FX broker Saxo Bank has informed the public that it has appointed Fan Xu as CEO of Greater China.

Fan Xu will be based in Shanghai and will be reporting directly to founder and CEO, Kim Fournais.

Fan Xu has over 20 years of experience in financial services and markets, working for companies like Citigroup, Everbright Bank, most recently as Chief Investment Officer at CITC Prudential Life Insurance in Beijing.

LeapRate reminds that earlier today, Saxo published its Q1 2019 Quarterly Outlook for global markets, including trading ideas covering equities, FX, currencies, commodities, and bonds, as well as a range of macro themes impacting client portfolios.

Last week, Saxo appointed Joanne Page as its new London CFO.

Kim Fournais Saxo Bank
Kim Fournais, Saxo Bank

Commenting on the appointment, Kim Fournais said:

Greater China is of strategic importance to Saxo Bank and we are proud to have an experienced specialist in global and Chinese capital markets help us deliver on our vision and strategy. Greater China is an epicentre of fintech and China’s importance in global financial markets will unquestionably continue to rise. We see large opportunities for Saxo Bank to build partnerships in the region and, as capital markets continue to open, leverage our multi-asset investment and trading solutions to help broaden opportunities and improve risk management and diversification. Building a successful business in the region requires robust knowledge of global and Chinese capital markets, IT, quant analysis, a strong track record in risk management, a thorough understanding of local rules and regulations and a commitment to setting the highest standards in the industry. Fan Xu possesses all these attributes and we have a strong cultural fit based on shared virtues and goals.

Saxo Bank has built an outstanding fintech and regtech business, bringing efficiency and transparency to the multi-asset trading and investment environment. It has succeeded in winning the trust of its private and institutional clients by continually innovating its products, platforms and services and improving access to global financial markets, while doing so in a prudent and transparent manner. These qualities are core to success in the Greater China market and I am excited by the opportunity ahead to build strong foundations for the bank’s business and to develop long-term partnerships in the region”, added Fan Xu.

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Saxo Bank hires Citigroup's Fan Xu as CEO of Greater China

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