Saxo Markets Appoints Hong Kong CEO
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Copenhagen-headquartered Saxo Markets has internally promoted a new chief executive for Hong Kong.
Richard Douglas has been named Hong Kong CEO for Saxo Markets, effective immediately, according to a statement, reporting to APAC CEO Adam Reynolds.
Douglas was most recently chief operating officer and chief information officer for Greater China and the role will be succeeded by Patrick Chung who will be responsible for all tech staff, platforms, and deliverables in the region while reporting to Saxo Bank chief information officer Ashok Kalyanswamy.
Douglas has 18 years of experience, including six years in Hong Kong, having previously worked at the investment banking units of Macquarie, Nomura, Citi and UBS in London, Sydney, and Hong Kong.
As part of the reshuffle, Greater China CEO Fan Xu will shift to a new role of CEO for Chongqing-based Saxo FinTech, a joint venture with Chinese automobile giant and majority shareholder Geely.
China country head Echo Zhao will be leaving Saxo Group.
«We believe that scaling and growing our Hong Kong business is critical to achieving our broader ambitions in the region, including building a strong partnership business,» said Saxo Bank CEO and founder Kim Fournais.
Questions & Answers
Q.What was Richard Douglas's previous role at Saxo Markets before becoming Hong Kong CEO?
What was Richard Douglas's previous role at Saxo Markets before becoming Hong Kong CEO?
Before his promotion, Richard Douglas served as the chief operating officer and chief information officer for Greater China. He now reports to APAC CEO Adam Reynolds.
Q.Who will take over Richard Douglas's former responsibilities as COO and CIO for Greater China?
Who will take over Richard Douglas's former responsibilities as COO and CIO for Greater China?
Patrick Chung will succeed Richard Douglas as COO and CIO for Greater China. He will oversee all tech staff, platforms, and deliverables in the region, reporting to Ashok Kalyanswamy.
Q.What new position has Fan Xu, the former Greater China CEO, moved into?
What new position has Fan Xu, the former Greater China CEO, moved into?
Fan Xu has transitioned to the role of CEO for Saxo FinTech, a joint venture based in Chongqing. This venture is with Chinese automobile giant Geely.
Q.Which key individual is departing from Saxo Group as part of these organisational changes?
Which key individual is departing from Saxo Group as part of these organisational changes?
China country head Echo Zhao will be leaving Saxo Group. The article does not specify her future plans or a replacement.
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