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 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.