Saxo Bank appoints Ulrik Ross as Head of Group Treasury - The Industry Spread

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

Saxo Bank

Saxo Bank appoints Ulrik Ross as Head of Group Treasury

January 30, 2018
Ulrik Ross, Saxo Bank Head of Group Treasury
Ulrik Ross, Saxo Bank Head of Group Treasury

Multi-asset trading and investment specialist Saxo Bank announced the appointment of Ulrik Ross as Head of Group Treasury, and reporting directly to Steen Blaafalk, Head of Group Finance & Risk (GFR). Effective March 1, 2018, Ross will be part of the global management team in GFR and Saxo Group’s Senior Management Team (SMT).

The appointment of Ulrik Ross comes in response of former Head of Group Treasury Henrik Andersen’s decision to step down to assume a new position on the Board of Management at KommuneKredit.

Because of his extensive international experience from various senior level positions at Investment Banks and Financial Institutions, Ulrik Ross will assume the overall responsibility for all Treasury activities, including managing the bank’s liquidity and professional bank and broker relations. Adittionally, Ross will be responsible for pricing the Bank’s capital and liquidity resources, as well as contributing to a strategic approach to both source of funds, taking industry and regulatory changes into account in a proactive manner.

Ulrik’s professional experience is spread between London, Helsinki and Copenhagen, most recently serving as Managing Director Global Head of Public Sector and Sustainable Financing at Hong Kong Shanghai Banking Corporation (HSBC) in London, where he successfully implemented a client and product focused growth strategy, which gained HSBC multiple financial markets awards.

At Nomura International, where he worked for six years prior to HSBC, Ross led the Debt Capital Markets division for Northern Europe, CEE and Southern Africa. Ulrik initially worked as a treasury and funding specialist in Denmark and Finland, prior to the long career in London.

Steen Blaafalk, Head of Group Finance & Risk at Saxo Bank
Steen Blaafalk, Head of Group Finance & Risk at Saxo Bank

Steen Blaafalk, Head of Group Finance & Risk at Saxo Bank, said: “I am very pleased to appoint such a high caliber executive to take care of the Group Treasury and be part of the Senior Management Team. Ulrik is ambitious and result-driven with a proven track record in building and managing regional and global international businesses. He has successfully navigated multi-cultural opportunities offered by small and large cap companies and has consistently improved the performance of complex companies in international financial markets. I am sure that with Ulrik’s strong expertise in financing and capital markets, we will further improve the efficiency of our treasury activities.”

Ulrik Ross said: “I am very pleased to be joining Saxo Bank. It is very exciting to be part of such an agile and scalable FinTech Bank with state of the art client-focused product offerings. Saxo Bank is a Financial Technology leader and a breath of fresh air in a fast-changing industry. I look forward to adding value to Saxo Bank and its clients as treasurer for the Group.”

Ulrik Ross will be client focused and interact with the Group’s White Label partner clients and institutional clients.

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