The new Saxo Bank office in Limasol, Cyprus, will be a regional business centre covering the whole of Eastern and Central Europe.
Vitali Boutbaev has been appointed as Head of Saxo Bank A/S Cyprus and will be responsible for running the business and bringing new clients on board.
Cyprus has, since joining the EU in 2004, grown to be a natural place to open a new office, which will cover the growing Central and Eastern European martkes as well. Cyprus has strong relations to Russia and other European markets, which is one reason for Saxo Bank to start oprating from Cyprus.
