Saxo Bank Appoints Damian Bunce as New Chief Client Officer

Danish 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 brokerage Saxo Bank has just announced that the company is appointing a new Chief Client Officer to its team. Effective from the 19th of February, industry veteran Damian Bunce is joining the company to take charge of growing the company’s client base.

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After spending nine years at Goldman Sachs where he was in charge of electronic Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term sales in Europe, Mr Bunce joined Barclays Capital as Managing Director and Head of European Electronic Sales Trading and Distribution. He will be based in the Danish company’s Copenhagen headquarters.

Damian Joins from Sberbank CIB

Just before joining Saxo Bank, the new senior hire of the firm spent six years at Russian Sberbank CIB. Working in Moscow, he was in charge of building the company’s wholesale eFX business and the domestic retail brokerage unit.

Damian will join Saxo’s executive team and will report directly Saxo’s CEO and co-founder Kim Fournais. In his new role, he will be responsible for the origination, retention, and growth of Saxo Bank’s direct and wholesale business. Mr Bunce will also drive growth through the company’s network of worldwide offices.

New Hire Compliments Saxo's Growth Drive

Saxo Bank has been actively expanding its business in recent quarters after an ownership restructuring and the exit of co-founder Lars-Seier Christiansen from the company.

Commenting on the new appointment, Fournais said: “Damian’s strong track record of delivering results for electronic trading businesses across sales, trading, product management and governance will be extremely valuable in delivering value to both our clients and shareholders. Damian’s specialist knowledge and experience complements our quest for continuous growth and scale within our industry.”

“Saxo has an exceptional and longstanding reputation for innovation in financial technology and I very much look forward to capitalizing on those strengths to deliver outstanding results for our clients and growth for the bank,” added Bunce.