Saxo Capital Markets UK Limited Appoints Nick Beecroft as Chairman

LONDON, July 23, 2012 /PRNewswire/ --

Saxo Capital Markets UK Limited, the wholly owned UK subsidiary of Saxo Bank A/S, the online trading and investment specialist, announced the appointment of Nick Beecroft to Chairman of the Board, with responsibility for the development and performance of the subsidiary and, in consultation with the CEO, its external relationships.

An Honours Graduate from Oxford University, Mr. Beecroft has over 30 years of international trading experience within the financial industry, including senior Global Markets roles at Standard Chartered Bank, Deutsche Bank and Citibank. He was a member of the Bank of England's Foreign Exchange Joint Standing Committee and has been with Saxo in the UK since 2009. As its Senior Markets Analyst, Mr. Beecroft has brought his personal finance expertise to many industry publications and financial news channels such as CNBC and Bloomberg and he will continue in this role, keeping his finger on the pulse of the market in an open dialogue with the industry and the community.

Torben Kaaber, CEO at Saxo Capital Markets UK, comments on the appointment:

"The appointment of Nick Beecroft to the role of Chairman of the Board is important to us here in the UK. As the wholly owned UK subsidiary of Saxo Bank, we have grown to become an expert in foreign exchange and multi-asset trading and we pride ourselves on having the best technology, tools and market insight available to our clients. With Nick's market knowledge and know-how, we can further develop the business and satisfy our clients. Nick demonstrates stability and experience and in conjunction with me, Nick will continue to participate in our external relationships and fulfil our obligations as a member of the financial industry and the community."

Nick Beecroft replaces Albert Maasland as Chairman of the Board. Mr. Maasland was appointed as Chairman when Torben Kaaber took over as CEO in June 2011. Saxo Bank has operated in the UK since March 2006, initially as a branch of Saxo Bank A/S and since 1 January, 2012, as Saxo Capital Markets UK Limited.

About Saxo Capital Markets

Saxo Capital Markets UK Limited is a wholly owned subsidiary of Saxo Bank A/S, the parent company of the Saxo Bank Group, an international financial services group specialising in trading and investment across global financial markets. Saxo Bank has operated in the UK since March 2006, initially as a branch of Saxo Bank A/S and since 1 January, 2012 as Saxo Capital Markets UK Limited.

Saxo Capital Markets UK offers private investors online trading and investment in FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives, and online wealth management for Funds, Shares, ETFs, Certificates and Bonds. Saxo Capital Markets UK also offers online trading services to a broad institutional client base including Hedge Funds, Introducing Brokers and Money Managers through our trading platforms SaxoTrader, SaxoWebTrader and SaxoMobileTrader and Saxo's B2B/API services.

Additionally a large base of Banks, Brokers, Asset and Money managers, utilise our award winning white label solutions, in order to provide their clients with access to all or some of our trading platforms and associated liquidity.

Media enquiries

Uriel Alvarado Cancino, Chief Public Relations and Marketing Officer, Saxo Capital Markets UK
+44(0)207-151-2026 ual@saxomarkets.com

Nicholle De Beer, Public Relations and Marketing Manager, Saxo Capital Markets UK
+44(0)207-151-2024 nfo@saxomarkets.com