By Marcus Williams.
Danish investment Saxo Bank is opening a new representative office in Moscow just as existing players are cutting staff in the Russian capital.
Saxo, an online trading and investment specialist, said the opening is a strategic move “to strengthen and expand its position as a leading provider of online trading and investment solutions.”
The office will act as a broker boutique offering Russian investors a broad list of exchanges and instruments available through its trading platform.
The Moscow office will be headed by newly appointed chief operating officer Igor Dombrovan.
Kim Fournais and Lars Seier Christensen, co-founders and CEOs of Saxo Bank, said in a joint statement: “Russia has always been a good market for Saxo Bank because Russian clients are highly sophisticated investors. The new office will enable us to provide a more comprehensive on-the-ground service to clients and potential clients in the region.”
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