Saxo Bank, the online multi-asset trading and investment firm,
is expanding its Latin American footprint by opening a new office in SĂŁo Paulo, Brazil.

Saxo Bank already has an office in Uruguay to serve Latin American retail
investors and one in Panama
which focuses on institutional business for the Spanish-speaking markets.

The new office will be headed up by Pedro Borges, previously director
at the Portuguese financial services firm Orey Financial.

Borges has over 15
years of experience working in the financial markets, with
expertise in electronic trading, hedge funds and business development.

“As host to the 2016 Olympics and the 2014 World Cup, Brazil
is much more than an emerging market today. It is a booming economy which
offers the financial industry access to profitable opportunities. As the
largest economy in Latin America it is crucial
that Saxo Bank has presence in the local market,” Borges said.