Saxo Bank Names Damian Hitchen as APAC and MENA Regional Head, Mahesh Sethuraman as Singapore CEO

Multi-asset investing and trading platform Saxo Bank has announced leadership changes in the APAC and MENA regions. Damian Hitchen has been appointed Regional Head of APAC and MENA, and Mahesh Sethuraman has been named Singapore CEO of Saxo.

Sethuraman joined Saxo Singapore in 2018 and previously headed the Global Sales Trading team, responsible for interfacing with retail and institutional clients. Together with the Singapore leadership team, Sethuraman will be responsible for driving and accelerating the growth of the bank’s Singapore business. Sethuraman will team up with Thomas Qvistgaard Hansen, Deputy CEO, and COO, to lead the team and enhance the business.

These appointments follow the departure of Adam Reynolds, who steps down as APAC and Singapore CEO after a decade of service during which he played a crucial role in consolidating Saxo's presence in the APAC region.

Commenting on the new regional leadership team, Kim Fournais, Founder and CEO of Saxo, said: “I have utmost confidence that Damian and Mahesh will succeed in their new roles. Damian and Mahesh are both true Saxonians – laser-focused on servicing our clients and partners, as well as running a prudent and compliant business. In line with Saxo’s purpose to “allow curious people being invested in the world”, entrusting the future leadership of our APAC and MENA businesses to existing talent within the firm, is a natural step for Saxo to further grow our great talent base.”