Danish online investment bank Saxo has hired UBS IT executive Tobias Straessle to manage its technology strategy.
Straessle joins Saxo after a 16-year career in global senior IT executive roles with UBS Investment Bank.
Prior to this Straessle worked broadly as a consultant in the European financial services industry, primarily at Andersen Consulting (now Accenture) where he was instrumental in developing the world's first fully electronic derivatives exchange which subsequently became Eurex.
Saxo says in his new role Straessle will "align the bank's expanding technology suite and ambitions for global scalability with a larger strategic roadmap for cost allocation, governance and infrastructure".
Ole Rossing, who has served as Saxo CIO and chief developer of front line systems since Saxo's inception, will continue to directly manage the bank's global software departments and will retain an executive role as vice CIO of the IT group.
Straessle's appointments follows last month's news that Saxo had appointed former Patsystems CEO Kevin Ashby as head of its new Asia Pacific subsidiary in Singapore.
Last year Saxo recruited Peter Klein, former head of Commonwealth Bank of Australia's e-FX sales division in Europe, to head its new office in London.