Saxo Bank Announces Ole Sloth Hansen to Visit Dubai

Released on: May 24, 2011, 2:01 pm
Author: Saxo Bank
Industry: Financial

Saxo Bank, the online trading and investment specialist, has announced that Ole Sloth Hansen, senior commodity Manager at Saxo Bank, will be visiting Dubai in early June to discuss with investors and the financial media recent trends in commodity prices, which have risen dramatically over the past two years.

Total investments into commodities have risen 250 per cent from US $159 billion in 2008 to $400 billion in 2011, according to Barclays Capital, with investments in gold and silver rising three-fold during the period.

Hansen recently observed that investment flows into commodities have been very strong due to a combination of strong fundamentals and new inventions, such as exchange traded funds (ETFs), which has made the sector accessible to everyone.

"ETFs have had a strong impact on the commodities market, making them accessible to everyone from the biggest hedge fund managers to the retail investor," said Hansen.

"May has been a month of setbacks across most commodities. Prior to this, commodities had been outperforming bonds, equity and currency investments, so it is most likely that this deceleration is just a temporary correction in an overall bullish market."

Ole Sloth Hansen is a specialist in traded futures with over 20 years experience, both on the buying and selling side. He joined Saxo Bank in 2008 and today works as a senior manager analysing a diversified range of products from fixed income to commodities. He previously worked for 15 years in London, most recently for a multi-asset Futures and Forex Hedge fund where he was in charge of the trade execution team.

Ole Sloth Hansen will be in Dubai 7/8 June to discuss the commodities landscape at present and the new strategies for entering the market through ETFs.

About Saxo Bank:
Saxo Bank is a leading online trading and investment specialist with a worldwide client base. The three specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader application are available in over 20 languages. The Saxo Bank Group is headquartered in Copenhagen with offices throughout Europe, Asia, Middle East and Australia. Saxo Bank opened its Dubai office in 2009 and was the first Danish bank to establish its presence in the Gulf Corporation Council region.

In 2010 Saxo Bank continued the diversification of its business with acquisitions of Saxo-E*Trade Bank, a specialist in online investment, and Brørup Sparekasse, a Danish savings bank.

PR contact:
Kasper Elbjorn
Head of Group Public Relations
Saxo Bank
40 Bank Street
Canary Wharf
London
E14 5DA
+45 3977 4300
www.saxobank.com

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