Trading and investment firm Saxo Bank has appointed experienced electronic trading figure Matteo Cassina to the newly created role of global head of institutional business.
In a statement, the Danish bank said the appointment was a key step in its strategy to expand its institutional client base. Cassina will report to Saxo’s co-CEOs and founders Kim Fournais and Lars Seier Christensen and will be based in the firm’s London office at Canary Wharf.
In a joint statement, Fournais and Christensen said they believed the industry had reached a tipping point, beyond which traditional firms with bespoke trading platforms would move to ‘out of the box’ solutions, such as Saxo’s cloud-based multi-asset trading platform, SaxoTrader.
“We are proud to have Matteo Cassina on board to drive the institutional growth out of London,” they said.
“Matteo brings considerable experience and senior market presence, which will prove invaluable as we continue to grow our business rapidly in both the institutional and private retail space.”
Matteo Cassina has served as president of European execution services for market maker Citadel in addition to stints leading trading platforms PrimeAccess at Goldman Sachs and Merill Lynch’s Total Trader.