GENTOFTE, Denmark, Sept. 8, 2006 (PRIMEZONE) -- Saxo Bank announces the appointment of Kevin Ashby as Chairman and CEO of the bank's Asia-Pacific subsidiary, Saxo Capital Markets Ltd in Singapore.
Kevin Ashby comes to Saxo Bank from a position as CEO of Patsystems Plc., a publicly listed, London-based purveyor of derivatives trading systems.
The Asia-Pacific region is already the source of 30% of Saxo Bank's new business. Saxo Bank has committed to further and significantly increase its Asia-Pacific presence
Commenting on the appointment, Ashby says: "Over the past few years, I have become increasingly convinced that trading is becoming borderless, both geographically and from an asset class perspective. I am therefore very pleased to be joining a company which is already recognized as a leader in this space."
In an additional comment, Lars Christensen, co-CEO of Saxo Bank says: "Last year Saxo committed to a significant investment in the Asia-Pacific region. We are delighted that Kevin has joined us and we look forward to the opportunities that will flow from his dynamic and proactive leadership."