Saxo Bank, the FX trading platform operator, has appointed a new global head of platform development, Financial News has learned, following the departure of Trading & Technology Rising Star Henrik Holst.

Alan Plaugmann, previously Saxo Bank's global head of futures and options, will become head of products and trading experience when Holst departs the bank later this year. A spokesman for Saxo said Plaugmann would succeed Holst as well as taking on additional responsibilities in an expanded role.