Saxo Bank announced the reappointment of Vitali Butbaev as Chief Executive Officer of Central and Eastern Europe

Saxo BankSaxo Bank, a Copenhagen-based Foreign exchange and multi-asset broker, announced the reappointment of Vitali Butbaev as Chief Executive Officer of Central and Eastern Europe, reporting directly to Damian Bunce, Chief Client Officer of the company.


Having worked with Saxo Bank for 13 years in previous roles, Butbaev will now be responsible for the growth and development of the business and client base in the region. Based in Saxo Bank’s office in Prague, he is also tasked to align and executive the global strategic priorities of the broker.


Vitali Butbaev, CEO of Saxo Bank, Central and Eastern Europe, commented:


“I am very pleased to return to Saxo at a time when technology, regulation, and macro trends all play into Saxo’s core strengths. I had the pleasure of being part of the journey from the Bank’s more humble beginnings to an international fintech with clients in 170 countries. Saxo is really a quite unique combination of cutting-edge technology and good service from talented people. Saxo Bank’s core strength is delivering unparalleled access to global capital markets to traders and investors through market-leading trading platforms. And by delivering ‘Banking-as-a-Service’, Saxo has a strong offering to other banks and brokers that look to leverage Saxo’s technology to service their end-clients.”


Vitali Butbaev is a former Regional Head of CEE and Russia at Saxo Bank, having successfully led the company’s offices for seven years. He held a number of sales positions for the broker’s retail, high net-worth, and institutional clients. 


Butbaev rejoined Saxo Bank as CEO of Central and Eastern Europe from Velstand Capital, where he was a Founder and Chief Executive Officer. He was also a Group Regional Director at the Presidents Institute.


Damian Bunce, Chief Client Officer of Saxo Bank, said:


“We are delighted to welcome Vitali back on board to grow and develop our business and client base in the CEE region. Vitali is an excellent senior hire with a wealth of experience and deep knowledge of the region. His leadership has been a big part of Saxo Bank’s success and we are confident that he is the right person to lead our growth journey in the CEE region going forward.”