Exclusive: Saxo Australia's CEO Ben Smoker Steps Down

Ben Smoker, the Chief Executive Officer of Saxo Bank’s operating entity in Australia, Saxo Capital Markets, announced today via a LinkedIn post that he is stepping down from his position after nearly three years with the Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term broker.

According to his post, Smoker is leaving as the head of Saxo Capital Markets to join BT Financial Group, one of Australia’s leading wealth management organizations, as a Director in Private Wealth Services.

As Finance Magnates reported, Smoker started at Saxo Bank’s Australian entity in May 2016. He joined the broker from GAIN Capital, where he was the Chief Operating Officer and Country Head of Australia. Here, he was employed from November 2012 until May 2016.

According to the press release issued by the company at the time, the appointment of Smoker was part of the firm's larger goal to grow its product suite for institutional clients, including prime-brokerage.

The career history of Ben Smoker

Smoker has more than two decades worth of experience in the finance industry, having held roles ranging from sales to development manager and structured products.

In his own words on his LinkedIn profile, he is a: “Specialist in Financial Products and Services with a focus on the Management, Distribution, Strategy, Sales and Marketing to both the wholesale and retail market with strong connectivity to the stockbroking, wealth management and financial planning sectors.”

Before working at GAIN Capital, he was a Director of Sales Trading at RBS Global Banking & Markets. At RBS, Smoker’s tenure lasted for more than eight years, commencing his position in September 2003 and leaving in December 2011. While here he worked with Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and listed equities products.

During his career, Smoker has also held senior positions at other well-known financial institutions such as Deutsche Bank, where he was a Vice President, Citi, ABN AMRO and Blake Dawson.