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Abu Dhabi: Saxo Bank, the online investment and trading bank, announced on Tuesday it has appointed a new head for its operations in Dubai and a head of institutional business development for the Middle East and North Africa (Mena).

The two senior appointments come as the bank continues to grow and invest in its retail and institutional functions across the Middle East, which the bank called a growth hub.

In a statement, the bank said that Mario Camara has joined as the head of Saxo Dubai. Camara had been working with international brokers and banks in the Middle East and Asia since 2007, and has over 20 years of experience in the industry. Before 2007, he worked at the Dubai International Financial Centre Authority where he coordinated the drafting and publication of key regulations and the establishment of the commercial registry.

Anwaar Ahmad has also joined Saxo Bank as head of institutional business development Mena. Based in London, Ahmad will focus on building relationships across institutions in the region. He has over 28 years of experience in the financial services industry in New York, Tokyo, and London, and spent 18 years with Morgan Stanley.