Saxo Markets, the subsidiary of the leading fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term specialist Saxo, has appointed James Donovan as a new Global Head of Preferred Broker with immediate effect. According to Wednesday's press release, Donovan will be responsible for driving the company's Preferred Broker campaign.

Saxo Markets Appoints Preferred Broker Head

Donovan will be responsible for developing the Preferred Broker program and realizing its potential in the face of high demand for the service. He will be stationed in London and report directly to Adam Seagrave, the Global Head of Sales and Trading at Saxo Markets.

"I am thrilled to join Saxo and look forward to helping shape this unique program. Saxo is an organization with ambitious plans for both innovation and scale. I am excited to build further on the company's excellent reputation as a leader in both investment and trading in a highly competitive environment," Donovan commented.

Before joining the Saxo subsidiary, he was Director of Equity Sales Trader at Cantor Fitzgerald. Donovan began his financial career as an APAC Equities Sales Trader at the London branch of Merrill Lynch in 1997, where he worked for seven years. His longest employer was UBS, where he spent almost 11 years, of which in the last two he was appointed as the Executive Director of APAC Derivative Sales. Additionally, he worked for Citi in Hong Kong for four years as the Director of Derivatives and Equities.

Watch the recent FMLS 2022 executive interview with Charlie White Thomson, the CEO of Saxo Bank UK

Preferred Broker Program by Saxo Markets

Preferred Broker is Saxo's program to provide a unique compliance-approved brokerage service. It allows partner clients to enroll employees directly onto the platform, where Saxo reports transactions to the company's compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term division. It enables proper monitoring of individual employees' dealing activity.

"I am delighted to welcome James to our team. James' extensive expertise and strategic insight will align perfectly with our ambition as we strengthen and continue to grow our Preferred Broker business across the globe," Seagrave conveyed.

Saxo Continues Employment Spree

The latest announcement follows recent news that Saxo UK has a group of industry professionals. The list includes Simon Camilleri as the Chief Operating Officer, Nicholas Wilcock, and Michael Ridley, who joined the company's board as Non-Executive Directors and Joanna Moberly as the Head of Legal and Company Secretary.

Meanwhile, Christine Kiener has joined Saxo Markets as the new Head of Institutional Sales. Previously, she served as the EMEA Head of Enterprise Data Specialist Sales at Bloomberg.