GCEX, with headquarters in London, announced on Friday the appointment of Michael Aagaard as the company’s new Managing Director for its operations in Denmark.
The press release shared with Finance Magnates detailed that Aagaard will oversee all activities of the company out of its Danish base and will focus on growing the team in Copenhagen. Additionally, he will work toward the planning of the company’s strategic growth.
“This is a significant hire for GCEX,” said Lars Holst, the Founder and CEO of GCEX.
“Michael brings extensive experience in FX and digital assets to our firm. I have every confidence that he is the ideal candidate to head up our operations in Denmark and play a major role in enabling us to achieve our ambitious growth plans.”
A Former Saxo Executive
Indeed, Aagaard comes with more than two decades of industry experience. Most recently, he worked with Oanda as a Digital Assets Consultant, but there he provided services as a Contractor.
His most prominent presence in the trading industry was his more than 19 years-long tenure at Saxo. He joined Copenhagen-based Saxo in July 2002 and climbed the corporate ladder over the years to part as the Head of Foreign Exchange in late 2021.
“This is a great opportunity for me as I embark on the next stage of my career,” Aagaard said. “I wanted to remain in the digital assets space but also be part of an organization with an entrepreneurial spirit. GCEX ticks all the boxes, and I am looking forward to contributing to the firm’s ongoing success and working closely with the GCEX team globally.”
Established in 2018, GCEX is trying to become a big name in the forex and cryptocurrency liquidity space. It is headquartered in London but has a physical presence in Denmark, Scotland and Malaysia.
The company recently published its first full-year financials for 2021, showing a total turnover of £1.89 million along with an operating profit of £1.42 million.
