Saxo Bank cuts 400 jobs
The bank is scaling back 320-340 jobs at its Copenhagen headquarters and another 50 jobs globally, primarily in the UK, as part of an "optimisation plan". The plan covers outsourcing, better use of technology and a simpler organisational structure, and is the result of a seven-week review of the Danish bank's business by Eric Rylberg, chief executive director, and Karsten Poulsen, deputy chief executive director (FX Week, August 11).
The duo was brought in last month to help the bank make the
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