Saxo to open in Singapore
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Eric Frydenlund Michelsen, vice-chief executive at Saxo in Copenhagen, will move over in mid-July as acting chief executive officer of the office for approximately three months.
The office will officially open on August 1.
The Danish bank said it has appointed a full-time chief executive to take control once the office is running smoothly, but declined to name the new head. Michelsen said the bank plans to have up to around 70 staff in the office within the first 12 months.
Meanwhile, the bank
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