Saxo Appoints Damian Hitchen as APAC and MENA Head

Saxo appoints Damian Hitchen as Regional Head of APAC & MENA and Mahesh Sethuraman as CEO of Saxo Singapore to drive growth in both regions.

Key Points:  

• Damian Hitchen appointed Regional Head of APAC and MENA, expanding his leadership from Saxo’s MENA operations.
• Mahesh Sethuraman named CEO of Saxo Singapore to drive growth in the region.

Saxo, the multi-asset investment specialist, announced Damian Hitchen’s appointment as Regional Head of APAC and MENA, a key leadership move designed to strengthen the company’s presence in two of its most strategic regions.

Hitchen, who has been leading Saxo‘s MENA business since 2021, will now oversee the development and growth of Saxo‘s operations across both the APAC and MENA regions. With over 20 years of experience in the global financial services industry, Hitchen has an extensive background in regional leadership. Before joining Saxo, he served as CEO of Swissquote in Singapore and was instrumental in establishing the firm’s MENA business while based in Dubai.

Hitchen will collaborate closely with the leadership teams across both regions in his new role, leveraging his experience driving growth within digital-first platforms in dynamic markets like Singapore and the UAE. He is particularly excited about the growth potential within the APAC and MENA regions, remarking on the importance of continued collaboration and innovation to meet investors’ evolving needs.

Saxo Appoints Damian Hitchen as APAC and MENA Head

Commenting on his appointment, Hitchen said, “I look forward to the challenge of building on the opportunities across the MENA and APAC regions in close collaboration with Mahesh, Thomas, and the wider APAC team. With an on-ground experience of leading ‘digital-platform first’ propositions across Singapore and the UAE over the last decade, I am excited to reconnect with the growth potential of the Singapore and APAC markets and continue building our MENA business.”

Alongside Hitchen’s appointment, Saxo also named Mahesh Sethuraman CEO of Saxo Singapore, where he will take the reins to drive and accelerate the business’s growth. Sethuraman has been with Saxo since 2018, where he previously headed the Global Sales Trading team. With over 15 years of experience in financial services, Sethuraman brings a wealth of knowledge about Singapore’s investment landscape and Saxo’s comprehensive product offering.

In his new role, Sethuraman will focus on expanding Saxo’s market presence in Singapore and the broader region. He will work closely with Thomas Qvistgaard Hansen, Saxo‘s Deputy CEO and COO, to drive the next growth phase.

“I am deeply honored to be entrusted with the responsibility of leading Saxo Singapore,” said Sethuraman. “Having been with Saxo since 2018 and as a long-time client before that, I have a strong connection to the brand and its mission. While Saxo has grown substantially in Singapore over the years, there is still considerable potential to unlock, and I am excited to work with Thomas and the team to drive the next phase of growth.”

Leadership Transition as Adam Reynolds Steps Down

This leadership restructuring follows the departure of Adam Reynolds, who has stepped down after a decade of service as APAC and Singapore CEO. Reynolds played a pivotal role in consolidating Saxo‘s presence in the APAC region, and the company expressed deep gratitude for his leadership.

With Hitchen and Sethuraman now leading the charge in APAC and MENA, Saxo is well-positioned to capitalize on the growth opportunities in these regions. This reinforces its commitment to delivering cutting-edge digital investment solutions to a diverse and rapidly expanding investor base.

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