Saxo Bank - direct/ Saxo Bank A/S - Albert Maasland New Head of Saxo Bank´s Activities in Europe, Middle East and the U.S.

COPENHAGEN Saxo Bank has auspiciously assured its seek for a new affiliate of the bank´s Senior Executive Management. Albert Maasland joins the Copenhagen-based online investment case as the new European COO on 1 December 2007.

Albert Maasland joins Saxo Bank´s Senior Executive Management from Standard Chartered Bank, area he was Global Head of Business Development, Global Markets E-Commerce, for the accomplished two years.

Saxo Bank is already operating with an Asia-Pacific COO, Kevin Ashby, who is based in Singapore. As European COO, Albert Maasland will be the all-embracing arch and coordinator of all European, Middle East and US offices and regions. This agency that CEO of Saxo Bank Switzerland, Søren Mose, Executive Director Torben Kaaber in Copenhagen, Director Peter Klein in London as able-bodied as Director Kurt Carlsson in Marbella will address to Albert Maasland.

"We are actual admiring that Albert has acclimatized the position as European COO. He will be based in Copenhagen, but absorb a lot of time in our offices about Europe," says Lars Seier Christensen, CEO of Saxo Bank.

Maasland spent 11 years at Chase Manhattan Bank area he had a amount of Sales Management roles in Transaction Banking afore demography over as Head of FX Sales from 1989-94, a aeon during which Chase rose to become the No. 2 FX case in the industry (from 14th). After Chase Manhattan, Maasland spent one year at HSBC afore affective to Deutsche Bank in 1995. Maasland appear semi-retirement in 2000, and took a amount of directorships including Executive Director of Cognotec and IIR Plc, afore abiding to full-time cyberbanking in 2005 at Standard Charterted.

"It is harder to aggrandize the appulse Saxo Bank is authoritative in the banking casework industry and its approaching advance abeyant - and I am agog to be allotment of that acceptable team. I am aflame to be abutting Saxo Bank and to allowance ability their aggressive goals for the future," says Albert Maasland.

Kim Fournais who co-founded Saxo Bank with Lars Seier Christensen believes Albert Massland will be a abundant asset for the bank.

"Saxo Bank has body a apple chic Senior Executive Management aggregation over the accomplished 18 months and by bringing Albert on axle to arch all sales and account efforts in the broader European time zone, we accept brought in one of the a lot of accomplished and acknowledged players in our industry. We are assured that this is addition important footfall appear accomplishing the aggressive goals of Saxo Bank," CEO Kim Fournais comments.

Media enquiries:
Kasper Elbjorn on +45 30654300
Fleming Voetmann on +45 51595036
Team-CorporateCommunications@saxobank.com

About Saxo Bank A/S
Saxo Bank A/S is a avant-garde investment case specializing in online investments in all-embracing Capital Markets. Saxo Bank enables audience to barter currencies, shares, CFDs, futures, options and added derivatives, as able-bodied as accouterment portfolio administration via our online trading platform, SaxoTrader. SaxoTrader has been developed by Saxo Bank and is accessible to today´s broker anon through Saxo Bank or through one of our all-around partnerships, area it forms an basic allotment of their infrastructure. One of Saxo Bank´s cogent areas of business is White Labelling. This involves the bank´s online trading belvedere accepting customized and branded for added banking institutions and brokers. Saxo Bank has added than 85 White Label Partners and boasts bags of audience in over 177 countries. The bank´s website www.saxobank.com receives about 65,000 visitors every day. Saxo Bank currently employs about 1,200 advisers from 58 altered countries.

Saxo Bank has its address in Copenhagen, with operating offices in London, Geneva, Zürich, Singapore and Marbella. It aswell runs a adumbrative appointment in Beijing and an IT development centermost in St. Petersburg.

www.saxobank.com
www.saxobank.dk
www.saxobank.co.uk
www.synthesisbank.com
www.saxomarkets.com.sg
www.saxotrader.es
www.saxosoft.com

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