Denmark’s Saxo Bank has appointed Steve Weller as chief executive for the Middle East and North Africa (Mena) region.
Weller, most recently global head of Russian state-owned Sberbank’s foreign exchange business, will be based in Saxo’s Dubai office. He will report to Saxo’s chief commercial officer Damian Bunce and will be responsible for growing Saxo’s presence in the region with traders, investors and wholesale clients.
“The Mena region is central to Saxo Bank’s strategy and we have a truly unique offering to bring to the market,” said Bunce. “We need to execute effectively on the many opportunities and I am very excited that Steve will lead these efforts.”
In recent years Saxo has focused on growing its fintech business, its offerings for multi-asset trading and investing and its banking-as-a-service offerings, a fact which Weller referenced in his comments on his new role.
“With the financial industry’s attention increasingly turning to technology and digital client experience, Saxo’s reputation in fintech makes it the perfect place to operate in order to be at the forefront of these developments,” he said.
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