Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that it has hired longtime Swissquote executive Damian Hitchen as the company’s new CEO of the MENA region. He will report directly to Saxo’s Chief Sales Officer Stig Christensen.
Based in Saxo Bank’s regional office in Dubai, Damian Hitchen will lead the bank’s efforts to further accelerate the growth in both new clients and assets within the core segments of traders, investors and wholesale partners.
Damian Hitchen brings over two decades of experience working in the financial industry. He joins Saxo from Swissquote, where he served as CEO for Swissquote Singapore for the past two years to set up their APAC business. Prior to that he worked six years as the CEO for Swissquote in Dubai.
Kim Fournais, Saxo Bank CEO and founder, commented:
“The MENA region is of great strategic importance for the group, and we are proud to attract a profile and capacity like Damian to spearhead our growing business in the region. We have welcomed many new clients over the past years, and I am very confident that Damian will further accelerate our growth journey as more and more clients trust us with their assets. He brings extensive regional knowledge and a strong track record within trading, investing, and asset management.”
Damian Hitchen added:
“I am very excited to join Saxo Bank and further grow our regional presence. I have followed Saxo Bank for many years and know them as a firm that from the outset has focused on leveraging technology to disrupt the industry and bring better platforms, products, and services to investors.”
Saxo Bank reported its lowest FX trading volume figures (for August 2021) dating back more than five years. The company is controlled by Chinese conglomerate Geely Group.