Saxo Markets UK Adds Nicholas Wilcock and Michael Ridley to Its UK Board

Saxo Markets UK announced that it has expanded its UK Board by adding Nicholas Wilcock and Michael Ridley as Non-Executive Directors, effective immediately.

Recently announced in a press release, Nicholas Wilcock, with more than three decades of financial experience, and Michael Ridley, with more than forty years of financial experience, have both been selected by Saxo Markets UK, the British subsidiary of the digital investing arm of Saxo Bank, to join the Board as its new Non-Executive Directors.

Wilcock and Ridley bring extensive commercial, regulatory and operational experience to the roles when Saxo Markets UK is continuing its expansion of its offering amid exceptional growth in the trading and investing space.

A Review of Wilcock’s Career

Prior to Saxo Markets UK’s announcement, Wilcox has spent three years at Delta Capita as the Managingdelta cap Principal. He was responsible for developing the Non-Financial Risk practice and the First Line of Defence Managed Services.

Earlier at Pall Mall Risk Reduction, he fulfilled the role of Director for a period of fifteen months.

Before that, Wilcock spent more than a quarter of a century at Credit Suisse, his last role was the Northern Europe Country Chief Operating Officer for Investment Banking and Capital Markets. He focused on country governance and coordination via a centralised Controls office among many other duties. Additionally, he has expertise in dealing with a wide range of complex multi-jurisdictional regulatory issues.

Ridley’s Employment Background

Concurrently, Ridley is still involved with seven different organisations. This includes being a Member of Investment Board for the Pension Agency of Georgia, Advisor to the Minister and Ministry of Finance for the Republic of Iceland, Managing Partner at Pedmore Advisors Limited, Trustee for Prism the Gift Fund, Advisory Board Member for the Royal United Services Institute, Deputy Chairman at Handel House Museum and Vice President for Save the Children UK.

Before his existing positions, Standard Profil plc recruited Ridley as a Non-Executive Director in June 2018.

Also, he spent a great deal of time at JP Morgan Securities as Vice Chairman of Investment Banking. For almost eighteen years, he successfully fulfilled the role and accomplished requirements.

Moreover, Salomon Brothers, Westpac Banking Corporation and Republic Bank Dallas utilised his skills as Managing Director, Head of Fixed Income Trading and Syndicate and Vice President, respectively for roughly six years apiece.

Two Extremely High Calibre Individuals

Commenting on the appointments, Richard Balarkas, Chairman of the Board of Saxo Markets UK said: “We are delighted to have on board two extremely high calibre individuals who have spent their careers dedicated to building better, safer and more efficient financial markets.”

Charles White-Thomson, the CEO of Saxo Markets UK, mentioned: “Their expertise will be invaluable as we continue to grow our business in the UK, amid greater professionalisation of the retail investor space, where we strive to be a market leader in terms of improving access to trading and investing, supported by robust operational and regulatory frameworks.”

“Saxo has built an impressive business in a highly competitive environment. Its operational resilience and focus on upholding the highest regulatory standards in a growth industry will continue to be a key differentiator as this industry matures and we see a flight to quality. I am delighted to join the board and lend my expertise at this exciting time for the business,” Wilcock added.

“Saxo’s passion for championing financial education and further democratising trading and investing by delivering an institutional-grade experience to retail investors is one of the many reasons why I am excited to join the board. We are entering a critical time for retail participation in capital markets, and I look forward to working with Charles and the rest of the UK board to deliver on these ambitions,” Ridley stated.