Saxo has appointed Michelle West as its new UK Head of
Compliance. She will oversee the company’s risk and compliance operations in
the region. West has worked in compliance for about 30 years. Her past roles
include positions at Bank of America, ABN AMRO, National Bank of Greece, Alpari
UK, Electronic Voice & Foreign Exchange Limited, and Plus500UK.
New Compliance Leader Takes UK Position
Before joining Saxo, West was Head of Compliance and Money
Laundering Reporting Officer at Plus500UK. She helped develop and manage the
company’s compliance systems and anti-money laundering policies. She has also
worked as a regulatory consultant, advising a range of financial firms,
including retail and foreign banks, hedge funds, and brokers.
“We are delighted to welcome West to the team, as we
continue to deliver on our ambitious growth strategy in the UK, supporting UK
investors to make the most of their money and savings,” Andrew Bresler, CEO of
Saxo UK, commented on her appointment.
Her appointment follows Saxo’s hiring of Neil Wilson as UK
Investor Strategist in April 2025. Wilson is responsible for providing market
analysis and commentary for UK clients.
You may find it interesting at FinanceMagnates.com: Saxo
Bank Client Base Jumps 132% After Fee Cut, Women Lead Surge.
Saxo Grows Amid Retail Client Shift
In recent months, Saxo has made several changes to its
retail offering. In April, it launched a Flexible ISA. This came after a
reported 591% increase in demand for its Stocks and Shares ISA in January and
February 2025 compared to the same period last year.
The company also introduced a new pricing model. It says
this helped drive a 132% year-on-year rise in new global trading clients in
2024. In the UK, Saxo has reported growth among younger and more diverse
investors. People under 25 made up 15% of new clients, up from 9% the year
before. New female clients accounted for 18%, triple the share seen in 2023.
This article was written by Tareq Sikder at www.financemagnates.com.
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