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Press Release

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.

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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

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15

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