Saxo Capital Markets UK Ltd (SCML), the UK subsidiary of Saxo Bank A/S, has appointed Andrew Edwards as its new CEO effective from January 2018.
Edwards (pictured), joins SCML as an experienced CEO with over eighteen years in the sector, twelve which were spent establishing and expanding a complex financial services business. Edwards most recently served as CEO of ETX Capital and his appointment will strengthen Saxo’s ambition to further build out and facilitate partnerships and collaborations as well as giving private clients access to multi-asset trading capabilities.
Anthony Belchambers, Non-Executive Chairman, SCML, says: “We are delighted to welcome Andrew Edwards in his new role as CEO of Saxo Capital Markets. He has a deep understanding of the UK market and the proven ability to enhance our service offering to institutions, private traders and investors.”
“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. Saxo is deeply committed to prioritising customer interests and the appointment of Andrew Edwards reflects our commitment to that objective and to the UK market”.
In June, Saxo Capital Markets UK decided to withdraw from the UK CFD and FX Association, a margin trading industry group. The decision followed Saxo Bank’s signing of the FX Global Code and Saxo Bank’s decision to voluntarily publish Enhanced Disclosure to promote increased transparency in the industry.
