SOURCE: Saxo Bank A/S

October 02, 2007 02:05 ET

Ted Voorhees to Head up Saxo Bank's Global Options Business

GENTOFTE, DENMARK--(Marketwire - October 2, 2007) -

GENEVA As part of its rapid global expansion, Saxo Bank has hired Edward Voorhees as its new Global Head of Options. Voorhees assumes his new position on November 1.

An experienced trader, who for the past five years has managed his own financial portfolio, Edward Voorhees has worked for Commerzbank AG in London and Deutsche Bank in Frankfurt, London and New York. An American by birth, Voorhees earned his BA in Economics from University of Chicago.

"Ted is a very skilled trader and that is what we need in order to serve our growing client base with world class currency options business," says Charles-Henri Sabet. Sabet joined Saxo Bank's Senior Executive Management group following Saxo Bank's acquisition of Synthesis Bank which he founded. Sabet will head up all Saxo Bank's trading activities in the future with Edward Voorhees as Head of Options.

"Saxo Bank wants to be among the world leaders in the global FX options market. We already have a very strong global currency options team and with Ted as team leader, we are well on our way to reach our goal," says Charles-Henri Sabet.

"When offered this job by Charles and Saxo Bank's CEOs, Lars Seier Christensen and Kim Fournais, I did not hesitate," says Edward Voorhees. "Saxo Bank has the courage to take on change and the integrity that is required to build a strong organization. Combined with a strong electronic platform and extraordinary IT, sales, and trading teams this made my choice easy. I'm a firm believer in electronic platforms, foreign exchange, and derivatives as a key part of any investment portfolio. No wonder that I see the perfect opportunity for success today, and most importantly, in the future. I can't wait to get started". Edward Voorhees will also take the lead on some of the product offerings in Saxo Bank's pipeline such as Exotic Options.

Over the past 12 months, Saxo Bank has opened offices in London, Singapore and Marbella as well as a representative office in Beijing. As part of its global business strategy, the bank has several other foreign offices on the drawing board. Saxo Bank also operates an IT development center in St. Petersburg. It is building its new headquarters in Tuborg Harbour, on the outskirts of Copenhagen.

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About Saxo Bank A/S

Saxo Bank A/S is a modern investment bank specializing in online investments in international Capital Markets. Saxo Bank enables clients to trade currencies, shares, CFDs, futures, options and other derivatives, as well as providing portfolio management via our online trading platform, SaxoTrader. SaxoTrader has been developed by Saxo Bank and is available to today's investor directly through Saxo Bank or through one of our global partnerships, where it forms an integral part of their infrastructure. One of Saxo Bank's significant areas of business is White Labelling. This involves the bank's online trading platform being customized and branded for other financial institutions and brokers. Saxo Bank has more than 70 White Label Partners and boasts thousands of clients in over 170 countries. The bank's website receives approximately 65,000 visitors every day. Saxo Bank currently employs more than 1,100 employees from 57 different countries.

Saxo Bank has its headquarters in Copenhagen, with operating offices in London, Geneva, Zürich, Singapore and Marbella. It also runs a representative office in Beijing and an IT development center in St Petersburg.

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