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Saxo Announces Senior Management Changes

Saxo Bank, which describes itself as a fintech specialist focused on multi-asset trading and investment, has announced two changes to its board of management.

Current member of the board, Søren Kyhl, has been promoted to deputy CEO while also continuing in his role as COO, and Damian Bunce has been appointed to the board with the new title of chief commercial officer. In addition to Kyhl and Bunce, the Saxo board of management consists of CEO, Kim Fournais, and chief financial and risk officer, Steen Blaafalk.

“With Damian Bunce as a new member of the board of management, Saxo further increases the essential client and commercial focus. The promotion of Søren Kyhl to the newly established role as deputy CEO adds even more firepower to Saxo’s strategy execution and provides a steadfast long-term leadership of the bank. As deputy CEO and COO, Søren is the natural and logical interim successor to Kim Fournais should that become necessary,” says Saxo in a release issued today.

Fournais comments: “I am proud and satisfied that Søren has been appointed deputy CEO and that Damian will join our board of management. The appointments reflect their excellent skills, knowledge, attitude, motivation and high importance to the bank and our future growth journey. With these changes we ensure clarity, focus and accountability and the changes allow me to focus on constantly improving and executing the strategy for Saxo Bank while building a world-class team and organisation.”

He adds: “Søren is a very natural and competent deputy CEO that I trust to run certain important strategic priorities. These changes will further strengthen and professionalise Saxo and I am proud to be leading such a unique team. I am more passionate and fired up than ever to ensure that Saxo will prevail and become the fastest growing financial institution within traders, investors and wholesale partners. This is therefore not a retirement plan for me, but an upgrade of our leadership capabilities, better supporting our fiduciary duties as well as creating a natural deputy function for me and Saxo going forward.”

 

Galen Stops

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