Saxo Markets UK hires BoA’s Simon Camilleri as COO

FCA-regulated broker, Saxo Markets UK has appointed Simon Camilleri to fill the roles of its Chief Operating Officer and board member, effective immediately.

Given his backgrounds, the UK business of Copenhagen-based broker believes Simon will bring unique perspectives and valuable expertise to the board, further strengthening the group’s corporate governance. He replaces Peter Morris, who was appointed as COO of Saxo Markets UK Limited back in January.

Simon leaves a long tenure of thirteen years at Bank of America Securities, where he was working for over 17 years. Most recently, he was COO and Director of EMEA Rates and Global Non Linear Rates Trading. Prito to that, he spent more than five years at Merrill Lynch’s global wealth management unit, which took his career between 2004 and 2010.

Simon brings to his dual role nearly two decades of front-office experience across multiple global markets trading desks. He also has an analytical background and strong track record of delivering business strategies, generating revenue streams and driving efficiencies.

Based in London Simon will report to Charles White-Thomson, CEO of Saxo UK. His appointment comes at a time when the UK business of Danish FX broker continues to expand its offering amid exceptional growth in the investment and trading space.

Charles White-Thomson, CEO of Saxo UK, commented: “We are delighted to welcome Simon to the team. His depth and breadth of expertise across the trading and technology sectors will undoubtedly help Saxo as we continue on our ambitious growth strategy. We are determined and focussed on providing our clients with the very best opportunities for differentiation through technology, solid operational foundations and risk management.”

Commenting on his appointment, Simon Camilleri, said: “Saxo has grown its presence significantly in the UK, providing retail clients with the highest quality products and institutional-like experience all underpinned by operational resilience and the highest regulatory standards. I am very excited to build further on the firm’s well-known reputation in the UK as a leader in both investment and trading in a highly competitive environment.”

Saxo UK has been in a hiring spree over the last few months, having onboarded Joanna Moberly as Head of Legal and Company Secretary and Christine Kiener as the Head of Sales for the institutional business. That was preceded by hiring seasoned industry figures Nicholas Wilcock and Michael Ridley joining Saxo UK’s board as Non-Executive Directors in January.