Saxo Bank Taps Ulrik Ross as its Head of Group Treasury

Saxo Bank has announced its second senior hire of the month, bringing in Ulrik Ross as its newest Head of Group Treasury. He will take up the new role as of March 1, 2018, subsequently joining Saxo Bank’s global management team in the Group Finance and Risk unit.

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Mr. Ross was brought in to oversee the responsibility for Saxo Bank’s treasury activities – this includes managing the bank’s 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 and professional bank and broker relations. In this capacity, he will be reporting to Steen Blaafalk, Saxo Bank’s Head of Group Finance & Risk. The position had been vacated after the departure of Henrik Andersen, who has since parted ways with Saxo Bank.

Mr. Blaafalk commented on the new appointment: “I am very pleased to appoint such a high caliber executive to take care of the Group Treasury and be part of the Senior Management Team. Ulrik is ambitious and result-driven with a proven track record in building and managing regional and global international businesses.”

His appointment will also see him added to Saxo Group’s senior management team. Mr. Ross will be tasked with heading a wide range of Saxo Bank’s operations, perhaps none more important than pricing the group’s capital and liquidity resources. Furthermore, he will be spearheading a new strategic to help balance regulatory changes and sourcing of funds in 2018.

One of the most important elements of his new role will be to interact with Saxo Bank’s white label partner clients and institutional clients. He joins Saxo Bank following a lengthy career in the financial services industry.

This includes senior level roles at HSBC as its Managing Director Global Head of Public Sector and Sustainable Financing in London. During his tenure with the bank he was instrumental in helping the group pursuing a successful client and product focused growth strategy.

In addition, Mr. Ross worked at Nomura International for over six years, leading its Debt Capital Markets division for Northern Europe, CEE and Southern Africa. “He has successfully navigated multi-cultural opportunities offered by small and large cap companies and has consistently improved the performance of complex companies in international financial markets. I am sure that with Ulrik’s strong expertise in financing and capital markets, we will further improve the efficiency of our treasury activities,” said Mr. Blaafalk.

“I am very pleased to be joining Saxo Bank. It is very exciting to be part of such an agile and scalable Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term Bank with state of the art client focused product offerings. Saxo Bank is a Financial Technology leader and a breath of fresh air in a fast-changing industry. I look forward to adding value to Saxo Bank and its clients as treasurer for the Group,” added Mr. Ross.