Retail forex broker Saxo Bank has today announced that Chief Economist Steen Jakobsen will join Theo Papathanasiou as co-head of Global Sales Trading.
In conjunction with his new duties, Steen Jakobsen will remain Saxo Bank’s Chief Economist and CIO.
The new setup is aimed at enhancing the delivery of SaxoStrats, Saxo’s real time global market insights and tradeable ideas to all client segments globally and further align this offering with Saxo’s sales efforts.
SaxoStrats was introduced in 2015 to democratize investing for retail audiences by providing them with access to real-time tradable ideas from Saxo’s suite of experts and analysts. SaxoStrats is available on Tradingfloor.com, Twitter and Periscope, and has been optimized on both mobile and tablet devices.
Commenting on the appointment, Claus Nielsen, Saxo’s Head of Markets, said:
We want to create the strongest Sales Trading and Strategy team possible and provide clients with a superior service in terms of research, ideas and execution.
Steen’s expertise and familiarity with our business will be a huge asset in consolidating our sales trading efforts. Furthermore, the new role will be a natural extension of Steen’s existing role where he spends a considerable amount of time meeting our clients around the world.
Global Sales Trading has a staff of 20 employees with an average of 17 years market experience. The team works across all asset classes and provides trade support and advisory services 24 hours a day from three key centres: Singapore, Copenhagen and London. Global Sales Trading services a mix of private, institutional and white label clients.
Steen’s global management experience stems from running numerous sales teams at JP Morgan, Swiss Bank Corp., UBS and Christiania Bank (now Nordea). Following stints in New York and London, Steen returned to Denmark and rejoined Saxo Bank in 2000.