24 June 2008 Company Announcements

 

Appointments: Saxo creates new roles for IT and market data

Saxo Bank has appointed two industry specialists to newly-created roles to ensure greater strategic alignment between business and IT ventures.

Paul Ronan has been appointed head of Enterprise Architecture and reports directly to Tobias Straessle, Saxo Bank's chief operating officer and head of IT and operations. Ronan's responsibilities include defining business and IT ventures, comprising business architecture, application architecture, technical and data architecture. Ronan will also chair a committee of IT and business representatives of the bank, to ensure full strategic alignment between the groups and the development of new projects. Ronan was previously a artner at Capco, a financial technology and consulting firm following its acquisition of City Practitioners where he was Senior Consultant.

Claus Thorball has been appointed head of global market Data and also reports directly to Straessle. Thorball is responsible for overseeing Saxo Bank's market data activities on a global basis, covering prices, news and reference data, and selecting vendors and vendor. Thorball was previously head of global data sales and head of market data at Nasdaq OMX.