Danish online trading platform Saxo has announced the appointment of a head for APAC as well as Singapore.

Saxo has appointed Damian Hitchen as regional head of APAC and MENA, according to a statement. He has 20 years of experience, most recently leading Saxo’s MENA business since 2021. Prior to that, he was the CEO of Swissquote in Singapore after establishing its regional MENA business in Dubai.

Saxo has also named Mahesh Sethuraman as CEO of Singapore. He will work closely with Thomas Qvistgaard Hansen, deputy CEO and chief operations officer, to drive the team and the business. Sethuraman has over 15 years of financial services experience and first joined Saxo Singapore in 2018 and before heading the global sales trading team.

Hitchen and Sethuraman will succeed Adam Reynolds, previously APAC and Singapore CEO of Saxo, who will step down after a decade with the firm.