Saxo Bank Hires Former Citigroup Executive Fan Xu as CEO of its Greater China Operations
Denmark based multi-asset brokerage firm, SAXO Bank has hired Citigroup’s Fan Xu as Chief Executive Officer of its Greater China operations. Xu will be based in Shanghai and will report directly to Founder and CEO, Kim Fournais.
Fan Xu has over two decades of experience in the financial services and markets and has worked with industry majors like Citigroup, Everbright Bank, and most recently he was Chief Investment Officer at CITC Prudential Life Insurance in Beijing.
Commenting on the appointment, Kim Fournais said:
“Greater China is of strategic importance to Saxo Bank, and we are proud to have an experienced specialist in global and Chinese capital markets help us deliver on our vision and strategy….. We see large opportunities for Saxo Bank to build partnerships in the region and, as capital markets continue to open, leverage our multi-asset investment and trading solutions to help broaden opportunities and improve risk management and diversification… Fan Xu possesses all these attributes, and we have a strong cultural fit based on shared virtues and goals.”
Fan Xu also added:
“Saxo Bank has built an outstanding fintech and regtech business, bringing efficiency and transparency to the multi-asset trading and investment environment. It has succeeded in winning the trust of its private and institutional clients by continually innovating its products, platforms and services and improving access to global financial markets while doing so in a prudent and transparent manner. These qualities are core to success in the Greater China market, and I am excited by the opportunity ahead to build a strong foundation for the bank’s business and to develop long-term partnerships in the region.”
JFD Broker Adds Nikola Marinov as Head of Marketing with Immediate Effect
The multi-asset investment company, JFD Brokers has added a new team member, Nikola Marinov as its newest Head of Marketing for its Bulgaria unit from immediate effect.
Mr Marinov is tasked with managing the broker’s global marketing functions across its different brands such as JFD Brokers/ JFD Prime/ JFD Wealth. The responsibilities include execution of the company’s brand strategy to its product marketing efforts, corporate communications and digital marketing agenda.
Mr Marinov has over 15 years of experience in the financial services industry and has held various senior-level positions with different organizations. Most recently he has worked as Marketing Director at Deltastock AD, a Sofia-based Forex and CFD broker. During his tenure with Deltastock, he was in charge of marketing budgets, managing a team of PPC, social media, copywriting, design specialists and also supervised acquisitions and activation campaigns.