Saxo Bank announces the appointment of Søren Kyhl as COO and member of the Management Board effective from January 1st 2016

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.

COPENHAGEN, 6-8-2015 — /EuropaWire/ — 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.

Media enquiries
Kasper Elbjørn, Head of International Communications
+45 3065 4300
press@saxobank.com

About Saxo Bank
Saxo Bank is a leading online trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. A fully licensed bank in Europe under supervision of Danish FSA, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives via three specialised and fully integrated multi-asset trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoTrader app. The platforms are available in over 20 languages and are white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, the Saxo Bank Group is headquartered in Copenhagen with local offices in 25 countries throughout Europe, Asia, Middle East, Latin America, Africa and Australia.