Saxo Bank Appoints Steve Weller as CEO for MENA Region

Saxo Bank, a Danish investment bank that specializes in Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term and investment, announced on Tuesday that Steve Weller would become Chief Executive Officer (CEO) of the Middle East and North Africa (MENA) region.

Weller will work from the company’s office in Dubai and report to Damian Bunce - Saxo Bank’s Chief Client Officer. His new role will mean he is responsible for growing and developing Saxo Bank’s client base in the MENA region. Specifically, the firm wants to target traders, investors, and wholesale clients.

Commenting on Weller’s appointment, Bunce stated: “The MENA region is central to Saxo Bank’s strategy and we have a truly unique offering to bring to the market. We need to execute effectively on the many opportunities and I am very excited that Steve will lead these efforts.”

Saxo Bank in safe hands

The appointment will come as no surprise to some given Weller’s extensive industry experience. Prior to his appointment, Weller was Global Head of Sberbank of Russia’s FX business. He has also held executive positions in the FX teams of Barclays and Lehman Brothers.

Weller discussed his move to Dubai, saying: “I am truly excited to join Saxo Bank and very much look forward to helping develop our business in Dubai and the wider MENA region. With the financial industry’s attention increasingly turning to technology and digital client experience, Saxo’s reputation in 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 makes it the perfect place to operate in order to be at the forefront of these developments.”