Saxo Names Andrew Edwards as UK CEO

Edwards' appointment as CEO of Saxo UK subsidiary follows foundation of quant unit to develop new risk tools.

Edwards joins Saxo from ETX Capital, where he was CEO for eight years.

Edwards will begin his new role in January 2018 and joins SCML from spread betting and contract for difference (CFD) provider ETX Capital, where he served as CEO since 2009 having held previous positions as managing director and head of trading.

“With regulatory requirements for major asset classes converging, Saxo is strongly supportive of the regulatory priority to set higher standards in the industry and for the better protection of clients,” said Anthony Belchambers, non-executive chairman at SCML, in a statement. “Saxo is deeply committed to prioritizing customer interests and the appointment of Andrew Edwards reflects our commitment to that objective and to the UK market”.

Earlier this week, Saxo announced that it had appointed Jesper Andreasen and Hans-Jørgen Flyger to establish a new quant unit at the bank to develop new risk tools to support Saxo Bank’s internal risk functions and to offer new tools for its clients, including forward-looking risk management tools.

Andreasen and Flyger, previously head of the quant department and head of derivatives and risk IT at Danske Markets respectively, will report directly to Saxo COO, Søren Kyhl.

“With Jesper and Hans-Jørgen on board, we strive to offer our clients new risk management tools including forward-looking risk measurements,” said Kyhl. “Forward-looking risk measurements are an integral part of professional trading in financial markets, however, so far, no provider has been able to offer such tools to a wider retail audience.”

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