Online trading and investment specialist Saxo, now owned by a Chinese conglomerate, has a new chief executive for a key growth region.

Saxo named Vivienne Yu as CEO of greater China. Yu will join the firm on March 15, 2018 and will be based in Saxo's Hong Kong office, according to a statement on the Saxo website.

Prior to joining Saxo, Yu was CEO China at Commonwealth Bank of Australia, where she led the bank's China investment and proprietary banking business.

Chinese automotive group Geely increased its stake in Saxo Bank to 51.5 percent in October 2017. The deal is pending regulatory approval.