Saxo Bank, the multi-asset trading and investment specialist, is expanding its presence in one of the most promising Forex markets – China. The company today announced the opening of its new China office in Shanghai World Financial Centre, Lujiazui, within the Shanghai free-trade zone.
Echo Zhao is at the helm of the mainland China office – she will report to Adam Reynolds, CEO Asia Pacific of Saxo Bank Group. Zhao is a mainland native and industry veteran, with significant experience in financial services. She started her career with Saxo Bank A/S in Copenhagen over a decade ago.
This new office in Shanghai free-trade zone has been set up as part of the bank’s commitment to develop its business model in close cooperation and within the local regulations governing the free-trade zone participants.
In a joint statement, Kim Fournais and Lars Seier Christensen, co-founders and co-CEOs of Saxo Bank Group, said:
“We are thrilled to be opening our office in the Shanghai free-trade zone. We have seen trading volumes and demand for content expanding within the region rapidly since the opening of our Asia Pacific headquarters in Singapore 9 years ago, and we are delighted to be committing further to Asia and the burgeoning China market by working within the Shanghai Free Trade Zone regulatory framework.
“The People’s Republic of China (PRC) will become one of the most important markets globally. With China’s initiation of the Silk Road land route and maritime equivalent, this economic program will provide a significant boost to economies in the region as much of the work and investment needed across Eurasia is in infrastructure, buildings and railroads.
The new phase of expansion and economic development will increase demand for financial services and as businesses and people increasingly becoming self-directed in the way they approach their investments, they need modern technology and a comprehensive multi-asset product offering and that is exactly what Saxo Bank offers.”
Saxo Bank currently offers investors access to 30,000 financial instruments. Its lineup of trading software includes innovative SaxoTraderGO, a trading platform written in HTML5 and built with a new Open Application Programme Interface (Open API).