Change is afoot at Saxo Bank. On Wednesday, the Danish investment bank's Head of Fixed Income, Simon Fasdal, took to LinkedIn to announce that he has been appointed as Global Head of Investor Sales.
"You could gain years of retirement, if you take control of your own savings and investments," said Fasdal in a LinkedIn post this Wednesday. "Now, with our new exciting investor platform ready to be officially launched in the first market in a few weeks, I am happy to take on the role as Global Head of Investor Sales."
Finance Magnates spoke to Saxo Bank on Wednesday. The company confirmed that Fasdal's move is related to a new investment platform that will be launched later this year. Focused on cash markets, the new platform will first be available in Denmark before being launched across the globe.
From Nykredit Markets to Saxo Bank
Fasdal has been with Saxo Bank for almost a decade, having joined the Danish firm in 2011 as Head of Fixed Income. After more than five years with the firm, he was given a Senior Director role but still maintained his position as Head of Fixed Income.
Prior to joining the investment bank, he spent more than ten years with Nykredit Markets - a part of the Nykredit Group, which is the largest mortgage bank and covered bond issuer in the Nordic region.
Simon Fasdal - Saxo Bank's new Global Head of Investor Sales
Starting out as Dealer in the firm's money markets team, he worked his way up to become a Senior Dealer and then, in 2002, Head of Foreign Exchange and Money Market Trading. After a two year stint as Head of Bond Trading, he then spent almost five years as Nykredit Markets' Head of Fixed Income Trading.
Now Fasdal will take up a new role as Global Head of Saxo Bank's Investor Sales division. His change in roles may be due to shifts in the set of services and products that the Danish firm is now offering.
