SAXO bank

SAXO bank
SAXO BANKSaxo Bank is a leading Internet bank, exclusively involved in trading and investment in:Forex — Saxo Bank trades 160+ Forex currency crosses, more than any other online providerContract For Difference (CFDs) stock derivativesStocks from 19 major stock exchangesFuturesManaged fundsFree membership of Saxo BankJoin hundreds of thousands of other members receiving free live trading prices, real-time charts, market analysis and information. Membership of Saxo Bank's website is free of charge and we request only a minimum of information. We offer:a wealth of live market prices and chartsmarket analysis from our own in-house analyststo try out our SaxoTrader online trading platformstreaming market newsOpen a trading accountHow to open an account with Saxo Bank.Open anAccount-->Employment opportunitiesWe welcome applications from experienced people who have the right motivation, language skills and ability to work in a fast-moving environment.Facts about Saxo BankFounded in 1992, Saxo Bank officially attained European bank status in June 2001 and has rapidly risen to become a strong presence in online trading over the Internet.Saxo Bank is based in Copenhagen, Denmark and was founded by joint CEOs Lars Christensen and Kim Fournais.We currently employ over 900 people from over 48 countries to servicing our clients all over the world — even with most of our trading being conducted online, we take pride in the level of personal service that we offer our clients.We employ a number of specialists in our different trading areas and have our own in-house market analysts.Trading at Saxo Bank is primarily done through our SaxoTrader advanced online trading platform which was developed by our own IT department.Management and BoardExecutive ManagementKim Fournais, Co-Chief Executive Officer, established Saxo Bank in 1992 as a founding shareholder. Mr. Fournais has been principally responsible, with Lars Seier Christensen, for Saxo Bank’s strategic planning and brings his extensive financial and IT knowledge to bear in his present capacity as joint CEO.E-mail: kf@saxobank.com More about Kim FournaisLars Seier Christensen, Co-Chief Executive Officer, was a founding shareholder in 1992. Today, Mr. Christensen is principally responsible for the company's trading operations. In September 1999 he assumed the post of joint CEO with additional responsibility for the strategic management of the company.E-mail: lc@saxobank.com More about Lars Seier ChristensenShailendra Robin Patel, Senior Executive Director, Global Business Development, Mr. Patel has been a member of Saxo Bank’s Senior Management since 1998, following a lengthy track record in senior Treasury and IT management positions in London and Copenhagen. After serving as Chief Financial Officer since 1998, Mr. Patel in 2006 assumed new responsibilities as the Global Head of Business Development, engineering state-of-the-art and ground breaking solutions for trading, operational and process efficiency initiatives in support of Saxo Bank’s business model, and planning and executing the bank’s business development plans. E-mail: rop@saxobank.comE-mail: rop@saxobank.com More about Shailendra Robin PatelErik Kjær, Senior Executive Director, Human Resources, Prior to joining Saxo Bank in 2006, Mr. Kjær was director and founder of the leading Danish management development consultancy Kjær and Kjerulf (now part of Right Management Consultants). A qualified psychologist, Mr. Kjær has also held senior positions with DIEU, Gentofte Council and the Danish Teacher Training College and has taught on MBA programmes in Denmark and the UK. He has overall responsibility for the Human Resource and Development function within Saxo Bank.E-mail: erk@saxobank.com More about Erik KjærTobias Straessle, Senior Executive Director, Chief Information OfficerMr. Straessle joined Saxo Bank in 2006 after a more than two-decade career in the financials services industry with, among others, Andersen Consulting and most recently 16 years with UBS Investment Bank. He was one of the chief architects behind the world’s first fully electronic derivatives exchange (later Eurex) and part of the management team that built-up UBS Investment Banks technology globally As CIO, Straessle heads up Saxo Bank’s information technology department. Mr. Straessle holds a Master degree in Mathematics from the Federal Institute of Technology in Switzerland and a MBA from Northwestern University in Chicago.E-mail: tst@saxobank.comSøren Schlüter, Senior Executive Director, Private Client GroupMr. Schlüter has an extensive executive career in product sales and customer service for major financial services companies in Denmark. Mr. Schlüter is responsible for developing and servicing the bank’s service concept for the global private client segment, which currently represents some 30% of Saxo Bank’s total client base.E-mail: ssc@saxobank.comMichael V. Møller, Senior Executive Director, Global Head of Legal & Compliance Mr. Møller is primarily responsible for legal matters relating to Danish and international authorities, compliance with financial regulations and M&A. He joined Saxo Bank in 2006 from Maersk Line, where he served as Vice President, Head of Corporate Affairs. A graduate of the University of Copenhagen, Mr. Møller has more than 14 years of experience in international business transactions. He is a member of the Danish Bar Association and is admitted into the Danish High Court.E-mail: mvm@saxobank.comChristian Frahm, Senior Executive Director, Global Head of Institutional Group, came to Saxo Bank in 2004. Mr Frahm is responsible for Saxo Bank's Institutional and Partner Business which accounts for 65% of the bank's global client base. Prior to Saxo Bank Mr Frahm worked for Bloomberg L.P in London and was the co-founder and MD of a B2B Internet Start-up also based out of London. Mr Frahm holds a BSC degree in Finance from Boston College Carroll School of Management.E-mail: chf@saxobank.comKevin Ashby, Chairman and Chief Executive Officer, Saxo Capital Markets Pte. Ltd.,came to Saxo Bank in 2006 from a position as CEO of Patsystems Plc., a publicly-listed, London-based purveyor of derivatives trading systems. As chairman and CEO of Saxo Bank’s first Asia-Pacific subsidiary, Saxo Capital Markets Pte Ltd, Ashby is responsible for positioning and developing the bank’s profile on the Far East market, currently the source of 30% of Saxo Bank’s new business.E-mail: kas@saxobank.comManagement TeamPeter Klein, Director, Saxo Bank London As head of Saxo Bank London, Mr. Klein is responsible for leading, positioning and expanding Saxo Bank's presence in the pivotal London market. A longtime executive in the e-FX industry , Mr. Klein has prior experience with Commonwealth Bank of Australia, EBS Dealing Resources and Citicorp, where he held senior sales management positions in the US, Sweden, UK, and Australia. Mr. Klein holds an MBA from Macquarie Graduate School of Management (MGSM).E-mail: pkn@saxobank.comClaus Nielsen, Executive Director - Trading joined Saxo Bank in 2003 from Jyske Bank, where he was Head of Foreign Exchange. He has nearly 20 years experience in Trading FX and Options, and has established track record of building Research and FX Sales Trading departments. Mr. Nielsen currently heads a 24 hour Trading unit of 18 and a Sales Trading team of 30 Sales Traders who cover all products (FX Spot, Forward & Options, Futures, Equities, CFDs and Fixed Income).E-mail: cni@saxobank.comSteen Jakobsen, Chief Investment Officer - Asset Management, Prior to joining Saxo Bank in 2000, Mr. Jakobsen held a number of senior positions in London, New York City, and parts elsewhere with Chase Manhattan, Swiss Bank Corp, Christiania Bank (now Nordea) and notably UBS, where he was executive director of the global FX proprietary trading team. As Chief Investment Officer and Executive Director of Saxo Fund Management, Mr. Jakobsen helms the design and management of trading models for Saxo Bank’s fund management offering for private and institutional clients.E-mail: sj@saxobank.com More about Steen JakobsenHenrik Hviid Klaebel, Head of Operations joined the company in June 2002 after a year as a Board Member and is responsible for the daily operations of the bank within Customer Service, Back Office, Cash Management, Accounting and Risk Management including all financial reporting of the bank's activities. Mr. Klæbel is a former active State Authorized Public Accountant and Senior Executive within the financial industry.E-mail: hkl@saxobank.comJacob Wester, Director, Global Wealth Management Mr. Wester is charged with developing and managing the global wealth management concept for private clients at Saxo Bank. Wester has prior experience as head of investment advisory services at Danske Bank in Luxembourg, London and Copenhagen and as head of Danske Bank corporate banking in Poland. He holds a bachelor’s degree in business and an Executive M.B.A. from Copenhagen Business School.E-mail: jwr@saxobank.comJeffrey Lins, Executive Director, Quantitative Analysis and Modeling Mr. Lins joined the company in January 2001 and established the department that is responsible for the research and development of Saxo Bank’s valuation and risk models, as well as for machine learning and automation for the bank’s business intelligence, interactive website, and algorithmic trading systems. Mr. Lins is available for comments on the analysis of high frequency finance, behavioral finance, market microstructure and probabilistic behavioral modelling. He is a native English speaker and is fluent in German.E-mail: jtl@saxobank.comSøren Kenner, Director, Marketing A seasoned marketing professional, Mr. Kenner has created brand-presence strategies and actively advised global brands including IBM, Microsoft, Mastercard and others. During the 1990’s he founded and developed Medialog, the most successful relationship marketing offering in Scandinavia, which was later sold to McCann Erickson. At Saxo Bank, Mr. Kenner leads the bank’s communication, branding and marketing strategies.E-mail: gsk@saxobank.comFlemming Skov, Director, IT Software Engineering has 12 years experience in developing user-oriented software. Mr. Skov comes from an international management position in Intel, and is a B.Sc.EE. He joined Saxo Bank in 2001 and is manager for the Software Engineering team and IT responsible for the White Labeling program.E-mail: fs@saxobank.comDaniel Darst, Executive Director, Global Partner Business and North American Business, Mr. Darst is responsible for developing and servicing the Bank's white label partner business worldwide, actively engaging with the bank's 80+ partners on value-added, structural issues ranging from business planning and staffing to client acquisition, sales and client activation. In addition, Mr. Darst is responsible for the North American business -- sales and account management -- that the Bank has grown over the past years. In both roles, Mr. Darst focuses on tactical business planning, strategic and tactical sales and marketing as well as service delivery. He holds a B.A. from Yale University and an M.B.A. from Columbia University.E-mail: dda@saxobank.com More about Daniel DarstSteven Thomas, Director - IT Program ManagementMr. Thomas joined Saxo Bank in 2005 and is responsible for the governance and project managment of all IT projects. Mr. Thomas has a long track record in software development, having spent almost 20 years with IBM where he focused primarily on solutions for the financial services sector. He has also served as Vice President and country manager for the Denmark branch of Fidelity Information Systems, where he was responsible for developing Corebank, an international retail banking system. Mr. Thomas holds a Master Degree in Computer Science from Stanford University.E-mail: sth@saxobank.comTore Fribert, Director IT SystemsMr. Fribert is responsible for ensuring a secure and resilient IT infrastructure and for the overall implementation of ITIL processes throughout the IT organization. Prior to joining Saxo Bank in 2006, Mr. Fribert served as the director and co-owner of Netsecure Denmark A/S, a security consulting firm. He has also worked as a consultant, specialising in large Banks and working on infrastructure, high availability and security projects. He holds a Masters in Economics and Business Administration from Copenhagen Business School and is a certified CISSP (Certified Information Systems Security Professional).E-mail: tfr@saxobank.comBoardHenrik Thufason, Chairman of the Board of Saxo Bank Mr. Thufason has held a number of high positions in the world of Danish finance. He vacated the post of Chief Executive Officer of BG Bank and Kapital Holding in 1999. Thufason led the merger between Bikuben and Girobank and did the same later on in the merger between BG Bank and Realkredit Danmark, subsequently re-named Kapital Holding. Mr. Thufason also served as Managing Director of Danske Bank.Florian Wendelstadt, is a Managing Director at General Atlantic LLC, a global private equity firm, where he has worked since 1997. Mr. Wendelstadt worked in General Atlantic’s Greenwich office from 1997 through 1999, at which time he relocated to Europe to open General Atlantic’s London office, which he now heads. In his capacity as a Managing Director at General Atlantic, Mr. Wendelstadt focuses on the Financial Services, Enterprise Solutions (Software & Outsourcing) and Consumer/Media sectors. He is director of Liberata plc., Saxo Bank A/S and Net1 U.E.P.S. Mr. Wendelstadt is a member of the GA's Investment Committee. Prior to joining General Atlantic, Mr. Wendelstadt worked at Bain & Company Inc. as a Consultant from 1993 to 1996. He was a member of the Financial Institutions Group. Mr. Wendelstadt received a BA in Economics from Passau University in Germany and a Masters Degree from EAP - ESCP in 1993.John Korsoe Jensen, Member is an attorney-at-law and a partner in the law firm “Mazanti-Andersen, Korsø Jensen & Partnere” specialising in company and commercial law. He has been a professor of law at the University of Copenhagen and an associate professor at the McGeorge School of Law, University of Sacremento.Julian Simmonds, Member, Julian Simmonds joined Citibank in 1972 and served the bank for almost three-decades in several positions including Head of Foreign Exchange and Structured Products, Executive VP responsible for Citibank's Trading and Sales and Corporate Finance Activities for the OECD world. Retiring from Citibank in 2001, Citibank’s virtual domination of global FX trading strategies throughout the 90's was widely attributed to Simmonds' leadership. Julian has also served as a member of the Federal Reserve Bank Committee for Foreign Exchange in New York.Dennis Malamatinas, Member, is chairman of Metro International, the world’s largest and fastest growing international newspaper. Malamatinas has had an extensive executive career at the helm of some of the world's most recognized consumer brands. From 1997-2000 he served as global CEO of fast-food chain Burger King. From 1991-1995 he was president and CEO of the Pierre Smirnoff Company, the world's largest vodka and spirits maker. Malamatinas has also served on the boards of directors of global news agency Reuters and Priceline.Saxo Bank Managed StrategiesFundamental belief in capital preservation and asset appreciation through compounding.No one strategy consistently performs through all cycles -we believe in a combination of strategies.By combining chart based momentum, contrarian, mean reverting and bias indicators in a proprietary model then applying a strict discretionary money management discipline, we manage to avoid the unnecessary risk of single systematic trading models.Managed FX StrategyInvest directly in Saxo Bank's centrally managed FX strategy. Saxo Bank's long experience in FX management has been refined into a proprietary trading model for the daily management of this program, encapsulating our strategy to generate absolute returns.Macro strategyThis comprehensive investment strategy using the same Saxo Bank trading model as the successfully proven FX strategy, the Macro strategy expands to invest in Futures, Options and CFDs. Its aim is simple, to capture profitable global trends in the world financial markets.Capital Guaranteed BondsCombine an investment in the Saxo Bank in-house managed Strategies with a capital guarantee at maturity providing the investor with a guarantee of the invested capital, or an agreed part of it, back upon maturity.Investors receive the full advantage of our Saxo Bank in-house managed strategies through our Strategy based Capital Guaranteed Bonds.They receive the upside potential of the Saxo Global Strategies combined with the security of a capital guarantee at maturity. If the bond fails to make gains at maturity, your initial investment is guaranteed back as described in the specific terms of issue for the bond.Exchange Traded FundsSaxo Bank also offers a range of Exchange Traded Funds (ETFs). ETFs are managed assets that are traded publicly on stock exchanges like stocks and thus combine the benefits of investing in stocks and mutual funds offering:Instant diversificationIntraday pricingLow costTransparencyEach ETF tracks an index or benchmark meaning that the objective for an ETF is to replicate the performance of the index or benchmark that it is tracking. Some track specific stock, bond or commodity indices, others follow specific regions or sectors, thus making them ideal for diversifying your portfolio.Saxo Bank offers a wide range of Exchange Traded Funds from providers such as Barclays iShares, Powershares, Rydex, StreetTRACKS, SGAM ETFs, Lyxor ETFs and many more.Our entire ETF range can be traded through the SaxoTrader platform.Saxo Bank Managed FX StrategyThe successful Saxo Managed FX Strategy offers significant growth potential through the global foreign exchange market under the guidance of an experienced fund manager. The strategy offers the potential of low risk returns in both rising and falling markets through a strict and proven model-based trading approach.HistoryThe Saxo Bank Managed FX Strategy was launched in December 2000, aimed at customers interested in a diversification strategy by enabling them to participate in the global FX market.Capital LimitSaxo Bank may place a capital limit on the strategy. This is to ensure that the strategy does not become so large that its size negatively impacts its performance.Collateral reinvestmentAs a testament to the low risk associated with these funds, up to 100% of the collateral invested can be used for trading FX and Stocks on Margin (CFDs).