Andreas Amschwand, Chairman Saxo Bank Switzerland
Tuesday, 4 May 2021 07:02
Andreas Amschwand: «Clients Do Not Like That»
Saxo Bank Switzerland’s new chairman is Andreas Amschwand. The veteran trader tells
finews.com how he wants to make the online bank a haven for clients that don’t feel at home in a world crammed with cookie-cutter mandates.
Saxo Bank Switzerland, as others, made headway during 2020 dominated by the pandemic. The local branch of the Chinese-owned Danish bank announced Tuesday that trading volume jumped 50 percent last year, while the number of active clients was up an even higher 57 percent.
Net profit rose more than tenfold, reaching 11.4 million Swiss francs. Large investments made in the bank’s trading platform, however, weighed down results a year earlier.