Saxo Bank Deputy Chief Executive Officer and Chief Operating
Officer Søren Kyhl said he will leave the firm after more than a decade in
senior management.
In a LinkedIn post, Kyhl wrote: “After more than 10 years as
Deputy CEO and COO at Saxo Bank, the time has come for me to move on.” He did
not disclose the timing of his departure or his next role.
The announcement comes as Swiss J.Safra Sarasin Group
completed the acquisition of roughly 71% of Saxo Bank. The deal, initially
valued at around €1.1billion, covers shares
previously held by Geely Financials Denmark, Mandatum Group, and other
investors. Founder Kim Fournais retains a 28% stake and steps down as CEO to
become chairman of the board.
Deputy CEO Plans Career Break
Kyhl referred to key developments during his tenure. He
wrote: “Along the way, we acquired and fully integrated BinckBank, while
continuously strengthening our technology platform to ensure compliance,
scalability, resilience, and security – always driven by the ambition to
deliver the most intuitive and engaging digital client experience in the
marketplace.”
During his time in senior management, Saxo Bank expanded its
global trading and investment platform. The firm also increased its client base
across several regions.
Kyhl said he plans to take a break before deciding on his
next step. “I will now take time to reflect on the next chapter of my career,”
he wrote. He added that he looks forward to “spending much more time with
family and friends before embarking on what comes next.”
Research and Operations Leadership Tenure
Before joining Saxo Bank, Kyhl worked at Danske Bank for
more than thirteen years. He held several senior roles during that period.
He served as Global Head of Transaction Banking and Chief
Operating Officer in the Corporate & Institutions division for around one
and a half years. He was also co-Head of Danske Markets for just under one
year.
Earlier, he worked as Chief Operating Officer and Global
Head of Research at Danske Markets for more than three and a half years. Prior
to that, he held research leadership roles, including Global Head of Research
and Head of Credit Research, over a combined period of several years.
This article was written by Tareq Sikder at www.financemagnates.com.
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