“We have been increasingly impressed by the entrepreneurial spirit and the will to succeed in the Middle East. If you can build a ski resort in the middle of the desert, you can do anything,” said co-chief executive and co-founder Lars Seier Christensen.  

“Dubai remains one of the most important global financial centres and the GCC region will have an important role to play when this current financial crisis is over. Depending on market conditions we intend to use our new office as the first step towards establishing similar presence in other GCC countries,” he added.

“Our DIFC office will enable us to bring our products and services closer to our clients and partners in support of our objectives to continue growing our business throughout the region,” said Shailendra Robin Patel, chief executive for Saxo Bank in Dubai.

Saxo Bank allows clients to trade Forex, CFDs, stocks, futures, options and other derivatives, as well as providing portfolio management via SaxoWebTrader and SaxoTrader. Saxo Bank is headquartered in Copenhagen with offices in the UK, France, Italy, Switzerland, Spain, Singapore, Australia and Japan.