Saxo Bank Extends Growth in MENA Region with Key Management Hires

Saxo Bank, a 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 trading and investment specialist, today announced two senior appointments as part of its plans to grow and invest in its retail and institutional functions across the Middle East, reflecting the region’s importance as a growth hub for Saxo’s retail and institutional business.

Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here!

Mario Camara

Mario Camara has joined the company as Head of Saxo Dubai. With over 20 years of industry experience, Camara brings with him broad expertise in the area of finance and Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term.

Having worked with leading international brokers and banks in the Middle East and Asia since 2007 and prior to that the Dubai International Financial Centre Authority (DIFCA), where he coordinated the drafting and publication of key regulations and the establishment of the commercial registry, Camara will oversee Saxo Bank’s next phase of growth in the region.

Anwaar Ahmed

Anwaar Ahmed joins as Head of Institutional Business Development MENA. Based in London, Anwaar will focus on building relationships across the institutional universe in the region.

Ahmed brings over 28 years of relevant experience in the financial services industry gained in New York, Tokyo and London at Fundamental Brokers, Cantor Fitzgerald and most recently 18 years with Morgan Stanley.

Commenting on the new hires, Matteo Cassina, Global Head of Sales, said: “We are thrilled to continue to attract senior talent in a region in which we see tremendous opportunity to develop partnerships and further grow our trading and investing business. I am confident that with Mario and Anwaar’s strong track records and strategic visions, we can further continue to build on our presence in the Middle East which is a key hub for both our retail and institutional businesses.”

Saxo Bank has seen its MENA region revenues triple in recent years. With strong growth in the region, the bank has re-invested in its top management to lead its development further in the years to come in order to continue consolidating its solid foundations.

Finance Magnates last reported on Saxo Bank earlier this month after learning that the bank had partnered with GFT Group to continue its global transformation strategy and accelerate its business transformation initiative as part of its restructuring plans.