Saxo Bank promotes Dr Patrick Hunger to CEO of Swiss operations

Saxo Bank’s Swiss CEO Antonio Ferrante has stepped down, with former Credit Suisse General Counsel Dr Patrick Hunger having been appointed Interim CEO as a promotion from his previous position as Head of Legal and Compliance

Saxo Bank (Schweiz) AG, the Swiss division of Saxo Bank today announced that Antonio Ferrante steps down as Chief Executive Officer of Saxo Switzerland, after having led the offices in Zurich and Geneva since January 2015.

Dr. Patrick Hunger, current Head of Legal & Compliance and member of the management board of Saxo Switzerland, has been appointed as Interim CEO. Patrick brings significant expertise and leadership qualities.

Before having joined Saxo Switzerland, Patrick was at Credit Suisse Trust where he held various positions, eventually as General Counsel and member of the executive management board. Prior to this, he had a strong track record working at UBS Investment Bank and the Swiss National Bank.

Steen Blaafalk, Chairman of the Board of Directors at Saxo Switzerland and member of the Board of Management in Saxo Bank A/S, said:

“We want to thank Antonio Ferrante for his time at Saxo Switzerland and wish him the very best for the future. Patrick Hunger has strong competencies within the financial sector as a whole and in depth knowledge about Saxo Bank’s unique business and role as a facilitator. Together with the new Leadership Team Patrick will ensure the continuation of the positive development in terms of product offering and profitability since Q2-2015 into this year.”

Simultaneously Saxo Switzerland is pleased to announce Raj Mehra as its new Chief Operating Officer. Raj is currently Global Head of Processing & Biz Process Offshoring in Saxo Bank A/S, and will ensure efficient operations in Switzerland. To strengthen the commercial leadership in the Swiss market further, Neil Browning has accepted the role of Head of Commercial in Switzerland. Having been with Saxo Bank A/S since 2002 Neil has a commercial skill set which will accelerate growth in the region. Together with the CFO Michael Voellm; Patrick, Raj and Neil will constitute the new leadership team of Saxo Switzerland.

Earlier this month Antonio Savoca joined Saxo Bank AG as Head of Sales Trading after having served as Executive Director in UBS.

Switzerland has always been and remains a key priority market in the Saxo group. Today Saxo Bank has offices in Zürich and Geneva.

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