Saxo suspends trading head
The reasons for Sabet's suspension are unclear, but the Danish bank confirmed an internal investigation is taking place and that it is working with regulatory authorities as part of the investigation.
It is understood Sabet was suspended on August 29, under a year after Saxo acquired Geneva-based Synthesis Bank, which he founded and was majority owner of (FX Week, September 24, 2007). The acquistion was part of an effort to expand Saxo's presence in the Swiss private banking market. Sabet joined
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