David Witzer to lead Fossar Markets’ UK operation


Fossar Markets is pleased to announce the appointment of David Witzer as CEO of Fossar Markets Ltd., the firm’s new UK entity. Fossar Markets recently opened its London office, located at 86 Brook Street, Mayfair. The establishment of a UK presence takes place in the wake of the relaxation of capital controls in Iceland and is in anticipation of continued expansion of cross border investment activities. Fossar Markets is headquartered in Reykjavik, Iceland and also has an office in Stockholm, Sweden.

David Witzer has extensive experience in global financial markets. Since 1995 he has been a director and Senior Partner at Rogge Global Partners Ltd. in the UK, while at the same time serving as CEO of Tokyo Marine Rogge Asset Management Ltd., a joint venture with Rogge Global Partners.

Witzer has held a variety of diverse senior leadership roles at Rogge Global, including advisory services, corporate strategy, information technology, regulatory framework and compliance, human resources, outsourcing, and established mutual funds in multiple jurisdictions including, Ireland, Luxembourg and the United States.
Witzer graduated with a Master’s Degree (LL.M) in International Business Law from the University of Liverpool.

Haraldur Thordarson, CEO of Fossar Markets:

“In recent years, we have built up a strong international investor network and we have an excellent reputation for our service to foreign and local investors in Iceland. Our presence in London will enhance the operations Fossar Markets have established since the founding of the company, increasing opportunities for foreign investors to invest in Iceland and, similarly, for Icelanders looking to invest abroad.
We are therefore pleased to get David to manage our business in London and for him to become a key partner of the Fossar Markets’ team that is now located in three countries. Besides having decades of experience in global financial markets, David’s focus has always been on advocating the highest standards of corporate governance and operational excellence within the financial services industry. David has therefore participated in a number of working groups and conferences aimed at promoting the highest levels of integrity and improving ethics in the world of finance.”