Saxo Bank Hires New Head of Institutional Sales for China

Saxo Bank has a new Institutional Sales Manager for its Greater China operations, Finance Magnates has learned, with Wendy Tao assuming the position where she is based in Shanghai City, China.

According to her LinkedIn profile, Tao joined Saxo Bank in December of last year and has held her new position for less than three months. She joined the multi-asset broker from Invast Global, where she worked for more than four years.

In her own words, Tao is a: “Director of Multi-Asset Prime Brokerage Services with a demonstrated history of working in the financial services industry. Skilled in Foreign Exchange (FX), Commodities, Equities, and CFDs. Strong finance professional graduated from University of Sydney and Australian Graduate School of Management UNSW.”

Wendy Tao’s Career Before Saxo Bank

At Invast Global, Tao was most recently a Director and Head of Prime Services for Asia, excluding Japan. She was based in both Sydney and Hong Kong, according to her LinkedIn profile.

While in this position, she had a number of responsibilities, ranging from strengthening relationships with institutional clients, delivering multi-asset prime services including over-the-counter derivatives such as Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and commodities, developing and implementing sales and marketing strategies for the APAC region and more.

Tao initially joined Invast Global in February of 2018 as an Associate Director for Institutional Sales and Client Relationship. Based in Sydney, Tao, among other duties, managed institutional client relationships in this role by providing tailored Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term advice to hedge funds, retail brokers, high-frequency trading firms and more.

Prior to Invast Global, Tao was employed at PhillipCapital Australia, a stockbroking and online trading services firm. During her employment, she was an Associate for Sales and Trading at the company from November 2015 until February 2016, based in Sydney.

Her duties in this role included working closely with senior traders on client risk profile and solutions, providing execution strategies on FX, Metals, Index and Commodities contracts for differences (CFDs) and more.