Saxo Bank has announced the latest appointment to its executive team, adding Søren Kyhl as its newest Chief Operating Officer (COO) and member of the Management Board, according to a Saxo Bank statement.
Despite the announcement, Mr. Kyhl’s appointment will take effect on January 1, 2016. In his newly created role of COO, Mr. Kyhl will be tasked with assuming the responsibility and oversight of Saxo Bank’s daily operations and execution. Moreover, he will be managing a number of the bank’s integral operations, including its digital experience, marketing, and data science.
The appointment of Mr. Kyhl is the latest move at Saxo Bank, following the recent announcement that the bank’s Non-Executive Chairman, Nick Beecroft, was stepping down from his position to pursue other non-executive opportunities. In his stead, Saxo Bank added Anthony Belchambers who was appointed as its Non-Executive Chairman of the Board.
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Furthermore, Mr. Kyhl will also be listed as a member of Saxo Bank’s Management Board, alongside co-CEOs and founders Kim Fournais and Lars Seier Christensen and Steen Blaafalk, Group Chief Financial and Risk Officer.
Mr. Kyhl joins Saxo Bank with a wealth of experience in the financial services realm. He most recently worked as the Head of Transaction Banking and COO in C&I (Corporates and Institutions) at Danske Bank for thirteen years. Additional roles at Danske Bank include time as its co-Head and Global Head of Sales of Danske Markets and Global Head of Research, Quant and Business Development.
According to Saxo Bank’s Co-founders and Co-CEOs Kim Fournais and Lars Seier Christensen in a recent statement on the move, “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,” they added.