Saxo Bank names Soeren Mose executive director, private wealth management

Source: Saxo Bank

Saxo Bank has named Soeren Mose as its new Executive Director for Private Wealth Management.

Mose, who assumes the position from 1 August, will anchor the bank's global investment activities with regard to private banking and wealth management as part of an ambitious growth strategy aimed at the year 2010.

Soeren Mose comes to Saxo from a position as CEO of Danish bank Jyske Bank's subsidiary in Switzerland. Prior to his time in Switzerland, he led the Private Banking business at Jyske Bank Gibraltar.

In a statement on the hire, Saxo Bank co-founders and co-CEO's, Kim Fournais and Lars Seier Christensen cited Soeren Mose's impressive track record in tandem areas of professional expertise, private banking and wealth management.

"One of the primary objectives of Saxo Bank's Corporate Strategy for 2010 is the creation of growth in our private banking and wealth management segments. The addition of Soeren Mose will help to bolster Saxo Bank's efforts in both areas," Lars Seier Christensen said in a statement.

"Soeren Mose has a proven track record in private banking as well as operational leadership of a number of foreign branches at Jyske Bank. These skills are hugely critical to Saxo Bank's continued expansion, as we have a declared strategic priority to expand our trading platform through innovative approaches to active wealth management," supplemented Kim Fournais.

As part of the same roadmap for international expansion, Saxo Bank has opened satellite offices in London, Singapore and Marbella over the past 12 months, and has hinted at more foreign outposts still to come.

"Saxo Bank's business concept moves with the times," said Soeren Mose, commenting on the appointment. "The prevailing market trend is one of clients seeking greater freedom and more objective advisory services. This is where Saxo Bank distinguishes itself from other players on the private banking market. Personal advisory services that focus on the client's wishes, coupled with its easy-to-use platform, allow clients to interface with their private bankers with ease, and when it suits them. This gives Saxo Bank a unique position in the market."

Saxo Bank is experiencing greater demand for private banking and wealth management services, a development Soeren Mose attributes to the quality and reputation of the bank's trading platform combined with its personal service.

Kim Fournais and Lars Seier Christensen say that part of Soeren Mose's mandate will be to investigate where the bank may best strategically anchor its global investment activities with regard to private banking and wealth management.

"We have great expectations for this enterprise, due to the obvious synergies between the bank's existing activities and Soeren's drive, his thoroughgoing understanding of the market for wealthy private investors, and his innovative and energetic approach to business development," said Kim Fournais.

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