People moves 13/04

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Michelsen leaves Saxobank


Eric Michelsen, vice-chief executive at Saxo Bank, has left the company. Michelsen is believed to have disagreed with the way Saxo’s management style was evolving as a result of its rapid expansion. “I think it’s a good time to leave, because there is so much interest in retail FX and lots of people are looking to get into it,” he told the Weekly FiX. Given his experience, it is unlikely that Michelsen will not “get back on the horse soon”, as the Danes say, and find another senior position in the industry.

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