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Online brokerage Saxo Bank, which is majority owned by Chinese Geely Corp is undertaking a strategic shift in its operations and is focusing its effort more heavily on the Chinese market. The multi-asset brokerage has appointed Vivienne Yu as CEO of Greater China. She will be in charge of growing and developing the retail and wholesale business of Saxo Bank in a region that has become particularly important for the firm’s development after Li Shufu’s venture acquiring a controlling stake in the firm last year.
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