Saxo Markets UK appoints 40-year veteran Peter Morris as COO

Rick Steves

“Peter’s depth and breadth of expertise across the trading and technology landscape will be a huge asset to the firm at a time of great growth potential for the industry which will undoubtedly bring more opportunities for differentiation through technology, strong operational foundations and risk management.”

Saxo Bank has appointed Peter Morris as the new Chief Operating Officer of the UK operation, Saxo Markets UK Limited. The industry veteran has also joined the board of the multi-asset trading specialist.

Bbased in London and reporting to chief executive Charles White-Thomson, Peter Morris joins Saxo Markets UK following the recent appointment of seasoned industry figures Nicholas Wilcock and Michael Ridley to the board as Non-Executive Directors.

As seasoned as it gets

Peter Morris is a dinossaur of the trading industry, having spent more than 40 years across financial institutions and established financial technology companies.

He has seen it all as he worked for a number of big names, including Cognizant, Broadridge Financial Solutions, Smartstream Systems, BGC/Cantor Fitzgerald, Commerzbank, Nomura, and Lehman Brothers.

Saxo Markets UK will be able to leverage his significant expertise managing operations across finance, IT, risk management, legal, and compliance.

Charles White-Thomson, Chief Executive Officer of Saxo Markets UK, commented: “Peter’s depth and breadth of expertise across the trading and technology landscape will be a huge asset to the firm at a time of great growth potential for the industry which will undoubtedly bring more opportunities for differentiation through technology, strong operational foundations and risk management. We are delighted to have him on board.”

Peter Morris, Chief Operating Officer, said: “Saxo has always placed a strong emphasis on operational robustness, and this is evidenced in the fact that its retail clients have long benefited from the institutional-like experience. I am excited to help the firm continue to lead on operational resilience as the sector grows in both size and complexity.”

Nicholas Wilcock and Michael Ridley joined as NEDs

Earlier this month, Saxo Markets UK appointed Nicholas Wilcock and Michael Ridley as non-executive directors, bringing 65  years of collective experience spanning commercial, regulatory and operational roles with leading organizations.

As non-executive directors, Nicholas and Michael will provide independent advice, deliberation and review at a time when the business continues to expand its offering in the trading and investing space.

Nicholas Wilcock brings over two decades of expertise as a board-level advisor to banks and brokers. Prior to his consulting role, he spent the bulk of his career at Credit Suisse, where he held a number of positions, including EMEA deputy COO. During this lengthy tenure, he was tasked with dealing with a wide range of multi-jurisdictional regulatory issues.

Meanwhile, Michael Ridley joins the Danish broker with vast experience in investment banking, with focus on sovereigns and financial institutions. Prior to landing at Saxo, he spent 17 years at JPMorgan’s securities arm where he served on the board for seven years as well as holding the position of vice chairman of investment banking, and global head of fixed income syndicate, among others.

Read this next

Institutional FX

Marex completes acquisition of TD Cowen’s PB business

London-headquartered commodities broker Marex has completed the acquisition of TD Cowen’s prime brokerage and outsourced trading business, which will be integrated into Marex’s capital market division. This division was established following the acquisition of ED&F Man Capital Markets in 2022.

Digital Assets

Talos introduces decentralized liquidity and onchain settlement with Uniswap and Fireblocks

“At the cornerstone of the DeFi ecosystem, Uniswap has the breadth of assets and depth of liquidity that institutional traders need. And to have this partnership powered by Fireblocks, a digital assets infrastructure provider trusted by some of the most renowned institutions, is very fitting.”

Digital Assets

FINMA-regulated crypto bank SEBA Bank rebrands to AMINA

“As we look forward to 2024, our ambition is to accelerate the growth of our strategic hubs in Switzerland, Hong Kong, and Abu Dhabi, and to continue our global expansion, building on all the successes we have laid down over the past years.”

Retail FX

Good For New Traders: Free Crypto Sign Up Bonus No Deposit Required

In cryptocurrency trading, where innovation knows no bounds and the stakes are as dynamic as the digital assets themselves, the concept of no-deposit bonuses comes off as an enticement both for old and new traders. 

Digital Assets

Binance announces banking triparty agreement

“We’ve developed a solution that ensures our institutional clients can optimize their collateral and cryptocurrency investments, modeled after the traditional markets’ trading conduct. We are in close discussions with an array of banking partners and institutional investors who have also expressed strong interest in participating.”

Digital Assets

CoinEx fined $2 million in Québec, Canada

“This new decision follows the important decision obtained in earlier this year and is part of the AMF’s offensive against crypto asset trading platforms operating illegally in Québec that have not entered into pre-registration undertakings.”

Industry News

FINRA fines BofA Securities $24 million for spoofing in US Treasuries

BofA Securities failed to detect spoofing due to inadequate supervisory systems. These systems were not equipped to identify manual spoofing by traders.

Retail FX

Belgium regulator blacklists FXP360, Appex Finance, and Wise-Markets

Belgium’s financial watchdog, the Financial Services and Markets Authority ‎‎(FSMA), has issued a warning against the unauthorized activities of multiple ‎ platforms that are offering investments in the country without ‎complying with Belgian financial legislation.‎

Digital Assets

MicroStrategy piles on Bitcoin, acquiring 0.90% of circulating supply

MicroStrategy, the world’s largest Bitcoin corporate holder, has further increased its holdings of the primary cryptocurrency. According to a recent filing, the company acquired an additional 16,130 bitcoins between November 1 and November 29, spending $593.3 million at an average price of $36,785 per bitcoin.

Display only crypto