Saxo Bank Appoints IT and Market Data Specialists To Newly Created Roles

Paul Ronan has been appointed Head of Enterprise Architecture and reports directly to Tobias Straessle, Saxo Bank’s Chief Operating Officer and Head of IT and Operations. Ronan’s responsibilities include defining business and IT ventures, comprising Business Architecture, Application Architecture, Technical and Data Architecture. Ronan will also chair a committee of IT and Business representatives of the Bank, to ensure full strategic alignment between the groups and the development of new projects. Ronan was previously Partner at Capco, a financial technology and consulting firm following its acquisition of City Practitioners where he was Senior Consultant.

Claus Thorball has been appointed Head of Global Market Data and also reports directly to Straessle. Thorball is responsible for overseeing Saxo Bank’s market data activities on a global basis, covering prices, news and reference data, and selecting vendors and vendor data to ensure reliable and high quality delivery for Saxo Bank’s consumer functions. Thorball was previously Head of Global Data Sales and Head of Market Data at Nasdaq OMX.

“I am delighted to welcome on board two such superbly qualified people. Between them, Paul and Claus have over 30 years worth of relevant IT, financial services and market data experience.” Says Tobias Straessle. “These hires directly reinforce the recognition that IT development and service are core functions of the Bank and demonstrate that we are committed to hiring the best talent in our bid to maintain our position as leaders in this field.”