Søren Kyhl has stepped down as Chief Executive Officer of Nordic digital bank Lunar after around four months in the role.

Kyhl announced his departure in a LinkedIn post today (Wednesday).

“After careful consideration, I have decided to resign as CEO and leave Lunar,” Kyhl said.

A Decade-Long Tenure at Saxo Bank

Before joining Lunar, Kyhl spent more than a decade at Saxo Bank.

He joined the investment bank as Chief Operating Officer and later became Deputy CEO and COO. He held the latter position for more than seven years and remained with Saxo until earlier this year.

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As Deputy CEO and COO, Kyhl was a member of Saxo Bank's Board of Management. His responsibilities included the COO function alongside his role in the bank's senior management.

He left Saxo following J. Safra Sarasin's acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of a majority stake in the bank.

More Than 13 Years at Danske

Before Saxo, Kyhl spent more than 13 years at Danske Bank, where he held several senior positions across banking operations and markets.

His roles included Global Head of Transaction Banking and COO in Corporate & Institutions, Global Co-Head of Danske Markets, and COO and Global Head of Research at Danske Markets.

He also served as Global Head of Research, Quant and Business Development, Global Head of Research, and Head of Fixed Income and Credit Research at Danske Markets.

J. Safra Sarasin Takes Control of Saxo

J. Safra Sarasin Group acquired roughly 71% of Saxo Bank in a transaction valued at about €1.1 billion when announced. The deal transferred shares previously held by Geely Financials Denmark, Mandatum Group and other investors.

The transaction resulted in changes to Saxo’s senior management. Daniel Belfer became CEO, while several other executives took on new roles across the bank.