The former president of Citadel Execution Services Europe, who also previously held trading roles at Merrill Lynch and Goldman Sachs and part-owns a luxury Italian bike brand, has joined Saxo Bank to lead its push into the institutional market.

The online trading specialist has appointed Matteo Cassina to the newly created position of global head of institutional business. He will report to co-CEOs and co-founders Kim Fournais and Lars Seier Christensen, and be based in London.