Saxo Bank appoints ex-Swissquote Damian Hitchen as CEO of MENA operation

Rick Steves

The executive will be based in Saxo Bank’s regional office in Dubai.

Saxo Bank has appointed Damian Hitchen as the Chief Executive Officer for the MENA region, reporting directly to Chief Sales Officer Stig Christensen.

Damian Hitchen will lead the local operation of the online trading and investment specialist and its efforts to further accelerate growth in both new clients and assets within the core segments of traders, investors, and wholesale partners.

The industry veteran joins Saxo Bank from Swissquote, where he established the broker’s APAC business out of Singapore for two years, serving as CEO for Swissquote Singapore. Prior to that, he spent six and half years as the CEO for Swissquote in Dubai.

“Following >5 years running our DIFC booking centre, I have relocated to Singapore to drive development of our B2b focused booking centre, regulated by the MAS Singapore, that will act as our pan Asia-Pacific regional hub.

“Responsible for the end-to-end commerical, operations and regulatory aspects of the business, with a specific focus on Institutional – Expert and Accredited (Professional) client segments across the region”, Mr. Hitchen explained on LinkedIn.

Other roles in his 21-year career within the trading industry include Director/Team Leader at Falcon Private Bank in the UAE for nearly three years, where he was responsible for the development and acquisition of private UHNWIs and institutional clients. He also led the design, development, and execution of the institutional product offering in the MENA region.

He was also Director of Gulf Lenders Network and Emirates Conveyancing for four years each and Regional Manager at HSBC Bank.

Kim Fournais, CEO and Founder, commented: “The MENA region is of great strategic importance for the Group, and we are proud to attract a profile and capacity like Damian to spearhead our growing business in the region. We have welcomed many new clients over the past years, and I am very confident that Damian will further accelerate our growth journey as more and more clients trust us with their assets. He brings extensive regional knowledge and a strong track record within trading, investing, and asset management.”

Damian Hitchen, CEO Saxo Bank MENA region, commented: “I am very excited to join Saxo Bank and further grow our regional presence. I have followed Saxo Bank for many years and know them as a firm that from the outset has focused on leveraging technology to disrupt the industry and bring better platforms, products, and services to investors.”


Read this next

Retail FX

Eurotrader taps MahiMarkets’ cross-asset trading technology for pricing and risk management

Eurotrader has tapped MahiMarkets’ cross-asset trading technology to manage its pricing and risk management on its fully licensed and regulated retail brokerage operation covering forex, stocks, indices, and commodities. 


STT doubles user base as Sterling OMS adopted by TradeZero, Avenue, Banco C6

Sterling Trading Tech (STT) has announced record growth of its order management system (OMS) offering, doubling its user base throughout the second half of 2022.

Retail FX

CMC Invest announces flexible stocks and shares ISAs amid changes in UK policy

In addition to a flexible ISA, the Plus plan provides members with a USD currency wallet for their general investment account (GIA), alongside the default GBP wallet that comes with all CMC Invest accounts. This means users will hold both a GBP wallet and a USD wallet. Saving customers money on FX fees.

Executive Moves

The Trading Pit snatches Skilling Daniela Egli from Skilling to lead Cyprus operation

“We feel privileged to have Daniela join The Trading Pit and bring her extensive expertise to our prop trading firm. We are confident in The Trading Pit’s ambition to provide the ultimate global trading environment for talented traders to enhance their skills and eventually become professional fund managers.”

Industry News

Worldpay taps SheerID to allow merchants to better target their audiences

SheerID verifies over 2.5 billion people via 20,000 authoritative data sources; provides global insights from hundreds of the world’s leading brands, and never shares or sells customer data.

Crypto Insider

Cardano (ADA) Price For 2022-23: Buy Cardano With NAGAX

Cardano (ADA) is probably one of the most renowned and well-known cryptocurrencies out there at the moment and is currently available on the majority of the crypto exchanges and platforms in the market.

Retail FX

ACY Securities recognized by Salvation Army NSW for its support to charity work

““Sitting in the backyard of those family friends, to see the devastation the floods had brought, was a real eye-opener, and a testimony to the Salvos who were on the ground helping every one of those in need during the recent NSW floods.”

Executive Moves

BNP Paribas announces senior executives of Global Markets Americas division

French bank BNP Paribas has appointed several senior executives to its Global Markets Americas division, demonstrating its ambition to grow its Global Equities, Global Credit, and Global Macro franchises in the region. 


Match-Trade expands partnership with Takeprofit Tech

California-based FX technology provider Match-Trade Technologies has expanded its partnership with fintech software developer Takeprofit Tech.