New Group Chief Operating Officer
Saxo Bank, the online multi-asset trading and investment specialist, today announces the appointment of Søren Kyhl as Chief Operating Officer (COO) and member of the Management Board effective from January 1st 2016.
Søren Kyhl to join Saxo Bank as new Group Chief Operating Officer
Saxo Bank, the online multi-asset trading and investment specialist, today announces the appointment of Søren Kyhl as Chief Operating Officer (COO) and member of the Management Board effective from January 1st 2016. His appointment will further strengthen the organisation and streamline the bank’s digital and operational value chain.
In this newly created role, Søren Kyhl will assume responsibility for daily operations and execution including overseeing the bank’s digital experience, marketing, data science and Saxo Privatbank. He joins Saxo Bank with significant senior experience most recently as Head of Transaction Banking and COO in C&I (Corporates and Institutions) at Danske Bank. During his 13-year career at Danske Bank Kyhl also served as co-Head and Global Head of Sales of Danske Markets and Global Head of Research, Quant and Business Development. Søren Kyhl, PhD in economics from University of Copenhagen, brings to the role significant expertise and strong track record of performance, which together with his unique financial sector experience will further strengthen Saxo Bank’s focus on its core business.
In a joint statement, Co-founders and Co-CEOs Kim Fournais and Lars Seier Christensen said:
"The appointment of Søren Kyhl will significantly strengthen the organisation in terms of both digital and operational development and efficiency, which is the core focus of Saxo Bank’s business. With Søren Kyhl on board we have a strong team in place to support and deliver on our ambitions for continued growth. His unique expertise and experience will be invaluable as we continue the build out of our business in the digital age.”
Søren Kyhl will also be listed as a member of the Management Board, alongside co-CEOs and founders Kim Fournais and Lars Seier Christensen and Steen Blaafalk, Group Chief Financial & Risk Officer.
Saxo Bank Group (Saxo) is a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.
For 25 years, Saxo’s mission has been to democratize investment and trading, enabling clients by facilitating their seamless access to global capital markets through technology and expertise.
As a fully licensed and regulated bank, Saxo enables its direct clients to trade multiple asset classes across global financial markets from one single margin account and across multiple devices. Additionally, Saxo provides wholesale institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology, supporting the full value chain delivering Banking-as-a-Service (BaaS).
Saxo’s award winning trading platforms are available in more than 20 languages and form the technology backbone of more than 100 financial institutions worldwide.
Founded in 1992 and launching its first online trading platform in 1998, Saxo Bank was a Fintech even before the term was created. Headquartered in Copenhagen Saxo today employs more than 1500 people in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Hong Kong and Tokyo.