Copenhagen - Saxo Bank, the online trading and investment specialist, today announces the opening of a new office in Milan.
The opening of the Milan office is a strategic move by Saxo Bank to strengthen and expand its position as a leading FX provider in Southern Europe and to offer local clients a better level of service and education.
Saxo Bank increased its private client business in Italy by 48% in 2008 compared to 2007. Moreover, Italian private investors have shown an increased interest in FX, and FX volumes grew by 78% in 2008. The main focus of the Milan office will be on FX trading, although Saxo Bank clients in the region will continue to be informed about the other options available on Saxo Bank's platform, including stocks, CFDs and futures.
The Milan office will be headed by Torben Rene Larsen, who comments: "The new office will enable us to have a higher frequency of meetings with clients and partners, and in turn our clients will benefit from enhanced education both through our own educational products and through increased partnerships with educational providers. We will also be improving our telephone support service to allow even greater contact with our clients."
Lars Seier Christensen, Co-CEO and co-founder of Saxo Bank, commented: "Opening the Milan office further establishes Saxo Bank as a premium FX provider across Europe. We believe it is increasingly important for clients to be informed and educated on the latest products and to receive a more personal service. The new office will enable us to provide an on-the-ground service to clients and potential clients in the region and inform them of the many trading options available to them on our award winning trading platforms."