Saxo Bank Appoints Thomas Hovard as COO of Global Distribution

Multi-asset brokerage Saxo Bank announced this Thursday that it has appointed Thomas Hovard to the position of Chief Operating Officer (COO) of Global Distribution and Client Services.

Hovard will commence his role as COO on February 4, 2019, and he will report directly to Damian Bunce, the Chief Commercial Officer (CCO) of Saxo Bank.

As the COO of Saxo Bank’s Global Distribution and Client Services, Hovard will be responsible for the ongoing operations of the unit. He will also be in charge of ensuring that the company's client-centric strategy is executed across markets, the statement said.

Commenting on the appointment Bunce said: “we look forward to welcoming Thomas. He brings extensive leadership experience and a strong skillset that will further strengthen our renowned client service and ensure we continue to meet the demands of our growing client base.

“Thomas shares our ambitions of leveraging innovative technology to enhance the client experience that underpins our unparalleled access to trade global capital markets.”

Hovard’s Position at Saxo Bank Ends a 16-Year Run at Danske Bank

Hovard joins the brokerage from Danske Bank, ending his 16-year-long tenure with the Danish Bank. In 2002, Hovard commenced his employment with the company, initially working as a Senior Analyst.

During his 16 years with the firm, he managed to work his way up the ranks, holding positions such as Senior and Chief Analyst along the way. Most recently, Hovard served as the Global Head of DCM Sales & Research.

Before joining Danske Bank, Hovard was an Investment Advisor at GP Bors for a year, his LinkedIn states. Prior to this, he worked as a dealer at Nordnet. For the year he worked with the firm, Hovard focused on equity trading.

“Saxo Bank has pioneered in the industry with its forward-looking approach to technology, and I look very much forward to contributing to the Bank’s future growth. Saxo has a very strong value proposition that integrates award-winning platforms and products with a dedicated focus on the client experience,” Hovard added.