Saxo Bank said on LinkedIn today (Thursday) that it marked
the last working day of Thomas Dam, Director for Nordic VIPs and Ultra-High Net
Worth Clients.
Dam had been with the company for 32 years and was its second employee.
He joined when Saxo was “only a small team,” the post said. For context, when
Dam started in 1993, gold traded around $360 per ounce. Today, gold is over
$4,800 per ounce, reflecting the changes in global markets over the span of his
career.
From First Client to Trillion Assets
Dam joined the firm in June 1993 and remained there until
January 2026. His roles included Senior Manager, Institutional, Regional Head
of Nordic and Key Accounts, Head of Relationship Management, and later Director
for Nordic VIPs and Ultra-High Net Worth Clients.
Dam said that after 32 years the firm had become “more than
a workplace.” He described it as “part of your identity” and said it was a
place where “relationships, trust and humanity” mattered alongside “numbers,
strategies, processes and results.”
Saxo said Dam followed the firm’s development from its early
years to its current global structure. The company stated that he was present
“from welcoming our very first client” through to “reaching DKK 1 trillion in
client assets.”
Bank Reports Growth, Targets Younger Investors
In December last year, Saxo
Bank reported it serves 1.5 million clients. The bank has expanded its
professional and international offerings.
In
France, it launched PartnerConnect, a platform for independent asset
managers and advisers, providing portfolio management, digital onboarding,
automated processes, and client reporting, while allowing end-clients to
onboard online and access over 70,000 cash and margin products through a
licensed Danish subsidiary.
In the UK, Saxo
joined the Platforms Association and increased operations, with younger
investors and women accounting for larger shares of new clients.
This article was written by Tareq Sikder at www.financemagnates.com.
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