Saxo Bank, the online trading and investment specialist, has announced the appointment of Jakob Thomsen as senior executive officer in its Dubai Office.

Mr Thomsen, who has worked for the bank since 2001, will have responsibility for all of Saxo Bank’s operations in the Middle East and replaces founder of the Dubai office, Shailendra Robin Patel, who has stepped down.

“Jakob’s appointment as senior executive officer is a valuable addition to our office in Dubai. His previous experience in the Middle East market makes him the right candidate for the role. In addition, his knowledge of the bank’s customs and traditions makes him well-suited for this position," said Lars Seier Christensen, co-chief executive and co-founder of Saxo Bank.

Saxo Bank is headquartered in Copenhagen with offices in Australia, the Czech Republic, France, Italy, Japan, Singapore, Spain, Switzerland, the UK, and the United Arab Emirates.