Changes to Saxo Bank’s Board
At the extraordinary general meeting on 16 December 2015, the shareholders of Saxo Bank decided to change the composition of the Board of Directors.
Henrik Normann, the President and CEO of NIB, Nordic Investment Bank, and member of the Saxo Board as from April 2015, was elected Vice Chairman and Danny Oei was elected new Board Member. Danny Oei is a high ranking officer at Sinar Mas Group in Shanghai, China. Sinar Mas Group acquired a 9.9 per cent stake in Saxo Bank in July 2015. Sarah McPhee had decided to step down from the Board of Directors to pursue other opportunities within the financial sector and the changes are effective immediately.
“We would like to thank Sarah for her contribution to the Board over the past two years and are delighted to welcome Danny, who brings vast experience and knowledge of the Asian markets. The Board looks forward to implementing and executing on Saxo Bank’s strategic ambition to continue to grow and lead in the digital trading space,” said Lone Fønss Schrøder, Chairman of the Board.
After the general meeting, Saxo Bank’s board consists of:
- Lone Fønss Schrøder, Chairman
- Henrik Normann, Vice Chairman,
- Jacob Polny
- Thomas Plenborg
- Asiff Hirji
- Danny Oei
- Karl Peterson, Alternate
Saxo Bank is a leading Fintech specialist and global multi-asset facilitator of capital markets products and services. Saxo enables private clients to trade more than 35,000 instruments from one single margin account.
Additionally, Saxo provides institutional clients such as banks and fintechs with Open Banking solutions from multi-asset execution, prime brokerage services to trading technology. Founded in 1992, Saxo Bank has embraced Open Banking from the beginning and is focused on helping clients and partners through win-win partnerships and product innovation.
Since launching its first online trading platform in 1998, Saxo Bank works to empower everyone to navigate their financial future by opening up access to trading and investment. The Saxo Group’s client assets total more than 45 billion euros, and the Group employs more than 2100 people in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.For more information, please visit http://www.home.saxo.