Saxo Appoints Former Plus500 and Alpari Executive as UK Head of Compliance

Saxo has appointed Michelle West as its new UK Head ofCompliance. She will oversee the company’s risk and compliance operations inthe region. West has worked in compliance for about 30 years. Her past rolesinclude positions at Bank of America, ABN AMRO, National Bank of Greece, AlpariUK, Electronic Voice & Foreign Exchange Limited, and Plus500UK. New Compliance Leader Takes UK Position Before joining Saxo, West was Head of Compliance and MoneyLaundering Reporting Officer at Plus500UK. She helped develop and manage thecompany’s compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term systems and anti- money laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term policies. She has alsoworked as a regulatory consultant, advising a range of financial firms,including retail and foreign banks, hedge funds, and brokers. "We are delighted to welcome West to the team, as wecontinue to deliver on our ambitious growth strategy in the UK, supporting UKinvestors to make the most of their money and savings,” Andrew Bresler, CEO ofSaxo UK, commented on her appointment. Her appointment follows Saxo’s hiring of Neil Wilson as UKInvestor Strategist in April 2025. Wilson is responsible for providing marketanalysis and commentary for UK clients. You may find it interesting at FinanceMagnates.com: SaxoBank Client Base Jumps 132% After Fee Cut, Women Lead Surge . Saxo Grows Amid Retail Client Shift In recent months, Saxo has made several changes to itsretail offering. In April, it launched a Flexible ISA . This came after areported 591% increase in demand for its Stocks and Shares ISA in January andFebruary 2025 compared to the same period last year. The company also introduced a new pricing model. It saysthis helped drive a 132% year-on-year rise in new global trading clients in2024. In the UK, Saxo has reported growth among younger and more diverseinvestors. People under 25 made up 15% of new clients, up from 9% the yearbefore. New female clients accounted for 18%, triple the share seen in 2023. Saxo has appointed Michelle West as its new UK Head ofCompliance. She will oversee the company’s risk and compliance operations inthe region. West has worked in compliance for about 30 years. Her past rolesinclude positions at Bank of America, ABN AMRO, National Bank of Greece, AlpariUK, Electronic Voice & Foreign Exchange Limited, and Plus500UK. New Compliance Leader Takes UK Position Before joining Saxo, West was Head of Compliance and MoneyLaundering Reporting Officer at Plus500UK. She helped develop and manage thecompany’s compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term systems and anti- money laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term policies. She has alsoworked as a regulatory consultant, advising a range of financial firms,including retail and foreign banks, hedge funds, and brokers. "We are delighted to welcome West to the team, as wecontinue to deliver on our ambitious growth strategy in the UK, supporting UKinvestors to make the most of their money and savings,” Andrew Bresler, CEO ofSaxo UK, commented on her appointment. Her appointment follows Saxo’s hiring of Neil Wilson as UKInvestor Strategist in April 2025. Wilson is responsible for providing marketanalysis and commentary for UK clients. You may find it interesting at FinanceMagnates.com: SaxoBank Client Base Jumps 132% After Fee Cut, Women Lead Surge . Saxo Grows Amid Retail Client Shift In recent months, Saxo has made several changes to itsretail offering. In April, it launched a Flexible ISA . This came after areported 591% increase in demand for its Stocks and Shares ISA in January andFebruary 2025 compared to the same period last year. The company also introduced a new pricing model. It saysthis helped drive a 132% year-on-year rise in new global trading clients in2024. In the UK, Saxo has reported growth among younger and more diverseinvestors. People under 25 made up 15% of new clients, up from 9% the yearbefore. New female clients accounted for 18%, triple the share seen in 2023.