Renato Santi becomes new CEO of Saxo Bank (Switzerland) Ltd
The appointment follows Patrick Hunger’s decision to seek new organisational change opportunities and digital transformation challenges outside Saxo Bank.
Saxo Bank (Switzerland) Ltd., a major fintech and regtech specialist focused on multi-asset trading and investment, announced today that Renato Santi joins as new CEO as of 26 February 2019. The appointment follows Patrick Hunger’s decision to seek new organisational change opportunities and digital transformation challenges outside Saxo Bank.
With offices in Zurich and Geneva, Switzerland is a key market for the Saxo Bank Group, and Saxo Bank sees significant potential to further grow as the Bank’s core strengths in offering the best solutions for investment and trading in global capital markets are particularly well suited for the Swiss market. Renato Santi will continue to pursue Saxo Bank (Switzerland) Ltd.’s proven strategy of profitable growth. He will further support the Bank’s strong market position as a technology and banking service provider by continuously investing in its core businesses to provide clients with innovative investing and trading solutions.
Renato Santi joins Saxo Bank from MBS Consulting in Milan where he was an associate partner. Mr Santi has extensive experience in financial markets from the Swiss banking group BSI and later EFG where he for several years ran the domestic and the European part of the business. His deep knowledge about the Swiss market with special focus on the private banking business as well as wealth management will be key to further developing Saxo Bank’s footprint in Switzerland.
As CEO over the last couple of years, Patrick Hunger has significantly contributed to Saxo Bank and has spearheaded the efforts to raise Saxo Bank’s open banking and technology profile in Switzerland and grow in both the private and wholesale client segment. A tangible example is the successful positioning of Saxo Bank (Switzerland) Ltd. as home of robo advisors and as partner of choice for digital wealth managers and digital wealth management solutions. At the same time, Patrick has resourcefully worked to better integrate the Swiss subsidiary with the rest of the Group to be able to offer Swiss clients even better products, platforms, prices and services and grow and develop the business in Switzerland.
Chairman of the board of Saxo Bank (Switzerland) Ltd., and Group Chief Financial & Risk Officer at the Saxo Bank Group, Steen Blaafalk, comments:
“We are very pleased that Renato joins Saxo to lead of our efforts in Switzerland. Renato has strong managerial experience, a sound commercial focus and deep understanding of the Swiss market. Switzerland is a key market for Saxo Bank with a large base of investors and traders that can benefit from our market leading solutions for global capital markets. We also specialize in technology sharing partnerships which is particularly suitable for the flourishing fintech scene as well as the established Swiss banks that are looking to ramp up their digital transformation through new partnerships. Patrick Hunger has been instrumental in raising the profile of Saxo in Switzerland as digital transformation and technology solution leader and grow the business and we want to sincerely thank him for his contribution to the bank over the years.”
Renato Santi comments:
“I look forward to joining Saxo Bank and look forward to further grow and develop the bank in Switzerland. Saxo Bank was a fintech long before the term was created, and the Bank’s business model and open bank solutions are more relevant than ever. Private clients increasingly demand transparent digital investment solutions and tools and services to invest and diversify across asset classes and geographies and Saxo Bank is well positioned to cater to those needs. At the same time, the financial sector in Switzerland is stepping up the digital evolution and looking for new partnerships as a road to efficient and future-proof digital transformation.”