Saxo Bank hires global trading and sales heads

Claus Nielsen joined as global head of trading on July 1. He left Jyske Bank in Silkeborg where he was head of FX. Reporting directly to co-chief executive officers Kim Fournais and Lars Christensen at Saxo in Copenhagen, Nielsen is responsible for market making across all Saxo Bank products (FX, contracts for difference and futures) with specific day-to-day management of the trading desk.

Also reporting to Fournais and Christensen, Hans-Petter Bjørnestad joined as global head of sales. He also started on July 1 and leaves Hugin, a financial news service in Norway, where he spent three years as chief executive. Prior to that he worked at Reuters for 13 years, latterly as sales director for the Nordic and Baltic regions.

“We have just wrapped up a positive first half of the year,” said Fournais. “By focusing our human resources on sales, marketing and product management – as well as our trading operations – we’re going to be better able to accelerate towards our goals for the future.” Saxo saw record earnings and sales in the first half of 2003 and nearly doubled daily trade volume of trades during the period.

These hires add to those of Jan Vandendriessche as project co-ordinator for fund management on July 1 and Daniel Darst, who started at Saxo in Copenhagen as global head of marketing at the end of February.

Vandendriessche joins from DWS Investments’ International Product Development Department. He helps lead the product development of Saxo’s managed asset products and investment services, reporting to Steen Jakobsen, head of fund management.

Darst, who reports to Fournais and Christensen, left Bank of America where he was chief marketing officer for the asset management group.

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