The finance market is unlike any other industry, with fierce competition in the job market and lots of developments. The most recent case is that of Saxo Bank, who recruited a new CIO. What are the qualities of the new Saxo Bank CIO?
19th October, AtoZForex – Saxo Bank, a multi-asset trading and investment bank, has welcomed a new member to its executive board, with Ashok Kalyanswamy being appointed as the Chief Information Officer (CIO). Prior to the new role, Mr. Kalyanswamy has occupied various senior positions in global financial services companies and has a profound knowledge of the industry.
Ashok Kalyanswamy's prior experiences
Ashok Kalyanswamy commenced his career in the financial industry 20 years ago, initially serving as a team leader at Merrill Lynch and Co. After he moved to Greenwich Capital Mkts and worked as the Assistant to Vice President. In 1999, Mr. Kalyanswamy began to work at Lehman Brothers where his position was Senior Vice President and stayed there until 2008. Following these experiences, he worked at Barclays and Nomura, taking senior technology positions in both companies.
Before joining Saxo Bank, he served as the Division Director and CIO at Macquarie Group, an international provider of banking, financial, investment and funds management services. His job was based in Hong Kong.
What will be the responsibilities of the new Saxo Bank CIO?
As the Saxo Bank's CIO, Ashok Kalyanswamy will be in charge of the strategic direction and operations of the bank’s global IT organization, managing the IT-team of 500 employees. He will take on the position in January 2017 and will stay in Copenhagen, where the Saxo Bank’s HQ is based. Mr. Kalyanswamy has commented that he is pleased to join Saxo Bank at a time when the industry is undergoing changes. As financial institutions seek to enhance information technology in order to more efficiently serve clients. He also added that Saxo bank is known to be a fintech innovator and he looks forward to helping drive the further evolvement of Saxo Bank’s technology.
According to the commentary of Saxo Bank's CEO and Co-founder, Kim Fournais:
“With Ashok’s extensive experience in this area and his renowned skills as a manager, I am sure that he will be a real asset for our IT organization, the firm as a whole, and thereby further strengthen our deliveries that enable our clients to access global capital markets.”
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