Steen Blaafalk to Join Saxo Bank as New Global Head of Finance and Risk Operations

Saxo Bank has announced that its consolidating the organisation by appointing Danske Bank veteran, Steen Blaafalk the new Global Head

saxo-bank-logo-1-300x224The Copenhagen-based multi-asset online broker, Saxo Bank, announced today that Steen Blaafalk will officially join the firm on the 22nd of April, 2014. He will also be listed as a member of the Board Management, alongside Kim Fournais and Lars Seier Christensen.

Mr. Blaafalk brings to Saxo Bank his significant senior financial sector experience, most recently acting as Head of Group Treasury and a member of the executive committee at Danske Bank. In his  thirty years long career in Danske Bank, he also served as Head of Danske Markets with a track record of creating profitable results. Additionally, Mr. Blaafalk has a background in trading and trading platforms as well as in national and EU regulation.

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In a joint statement, Co-founders and Co-CEOs Kim Fournais and Lars Seier Christensen said: “Saxo Bank is an expanding organization, and through the recruitment of Steen Blaafalk we significantly strengthen the organization for the opportunities and challenges ahead. Steen Blaafalk brings unique expertise in financial operations and extensive experience from the financial sector. This recruitment should be seen as a part of reinforcing the focus on our core business.”

Steen Blaafalk
Steen Blaafalk

As Saxo Bank’s new Global Head of Finance and Risk Operations, Steen Blaafalk will be responsible for all legal and compliance, finance, risk management and business intelligence within the bank.

Commenting on the announcement, Mr. Blaafalk said: “I very much look forward to being a part of the management of Saxo Bank, an organization that has established itself as a serious player in the banking industry over the last 20 years. With my experience and knowledge from the financial sector, I hope to strengthen Saxo Bank’s global position as the provider of a world class platform.”

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