Copenhagen based Forex and multi asset broker Saxo Bank today announced that Vitali Butbaev will rejoin Saxo Bank in the role as CEO of Central and Eastern Europe. Vitali Butbaev has worked with Saxo Bank for 13 years in previous roles.
Vitali Butbaev will report directly to Damian Bunce, CCO of Saxo Bank.
In his role, Vitali Butbaev will assume overall responsibility to grow and develop the business and client base in the CEE region. Furthermore, he is tasked to ensure alignment and execution of global strategic priorities and make Saxo Bank first choice for traders, investors and wholesale clients.
Butbaev joins Saxo Bank with extensive international experience in the financial industry. He most recently served as a Founder and CEO of Velstand Capital. Butbaev also spent a year at the Presidents Institute as a Group Regional Director. Prior to this, he worked with Saxo Bank for 13 years. As Regional Head of CEE & Russia, Vitali Butbaev successfully led Saxo Bank’s offices in the region for seven years. He has also held various sales positions for Saxo Bank’s retail, HNW and institutional clients.
Butbaev graduated from Bauman Moscow State Technical University and Moscow Financial University. Recently he finished TRIUM Executive MBA, which is one of the world’s leading degree programs for global leaders jointly issued by NYU Stern School of Business, LSE and HEC Paris school of Management.
Commenting on his appointment, Damian Bunce, CCO of Saxo Bank, said:
We are delighted to welcome Vitali back on board to grow and develop our business and client base in the CEE region. Vitali is an excellent senior hire with a wealth of experience and deep knowledge of the region. His leadership has been a big part of Saxo Bank’s success and we are confident that he is the right person to lead our growth journey in the CEE region going forward.
Vitali Butbaev commented on the new role:
I am very pleased to return to Saxo at a time when technology, regulation and macro trends all play into Saxo’s core strengths. I had the pleasure of being part of the journey from the Bank’s more humble beginnings to an international fintech with clients in 170 countries.
Saxo is really a quite unique combination of cutting edge technology and good service from talented people. Saxo Bank’s core strength is delivering unparalleled access to global capital markets to traders and investors through market leading trading platforms. And by delivering ‘Banking-as-a-Service’, Saxo has a strong offering to other banks and brokers that look to leverage Saxo’s technology to service their end-clients.
Vitali Butbaev will join Saxo Bank on May 15, 2018, and will be based in Saxo Bank’s office in Prague.