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Saxo Establishes Quant Unit

Saxo Bank has established a new quant unit and hired Jesper Andreasen and Hans-Jørgen Terp Flyger to set up and run it with the responsibility to drive and manage the development of new state-of-the-art risk tools.

The firm says the new tools will support its internal risk functions and will also allow Saxo to offer new and better tools for clients including forward-looking risk management tools.

Andreasen has served as head of the quant department at Danske Markets and Flyger as head of derivatives and risk IT at Danske Markets.

The new team will be reporting to global COO, Søren Kyhl, as a central part of the COO department’s responsibility for the digital value chain and delivering digital experiences and tools to clients.

“With Jesper and Hans-Jørgen on board, we strive to offer our clients new cutting-edge risk management tools including forward-looking risk measurements,’ says Kyhl. “We continue to believe that it is paramount we create win-win with our clients by helping them manage their risk in a much better way. Forward-looking risk measurements are an integral part of professional trading in financial markets, however, so far, no provider has been able to offer such tools to a wider retail audience.

“Ensuring that our clients have the best risk management tools and the most relevant information readily available to them is a key part of our efforts to support our clients’ activity in global capital markets,” he adds. “This is key to creating win-win with our clients and we know that when our clients succeed, we succeed. And the initiatives underline that we are the better partner for clients and support our mission to democratize trading and investment.”

Colin Lambert

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