Citadel Vet To Saxo

Jan 13 2014 | 9:38am ET

A former executive at Citadel Investment Group's banking unit has joined Denmark's Saxo Bank.

Matteo Cassina served as president of Citadel Execution Services Europe until a year-and-a-half ago, leaving the troubled unit of the hedge fund giant after four years. He is charged with building Saxo's institutional business and will be based in London.

Cassina worked at Goldman Sachs, Merrill Lynch and BNP Paribas before moving to Citadel in 2008.

"The appointment of a global head of institutional business is a major step for Saxo Bank," co-CEOs Lars Seier Christensen and Kim Fournais said. "We are approaching the tipping point where traditional players with old mainframe infrastructures are becoming less competitive. Saxo's cloud-based solution is disrupting the old ways of doing business in the same way that we have seen technology radically change other industries."


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...