Saxo Bank Divides CFRO Role, Hires Mette Ingeman Pedersen as Group CFO

She will join the Danish bank before November 1 and report directly to the CEO.

Saxo Bank is reorganizing its top management and announced on Wednesday the hiring of Mette Ingeman Pedersen as the new Group Chief Financial Officer. She will also become a member of the Board of Management and Executive Team.

With Pedersen‘s appointment, the Danish investment bank is dividing its current role as Chief Financial & Risk Officer (CFRO) into two separate areas. She will be responsible for overseeing the group finance and treasury, legal and GFR COO area. 

The current CFRO, Steen Blaafalk will have his role altered as the Group Chief Risk & Compliance Officer (CRCO) and continue to have the overall responsibility for risk and capital, compliance and credit.

“I am both proud and very excited to be joining Saxo Bank,” Pedersen said in a statement.

“The ambitions are high, and so is the passion, and I am very much looking forward to meeting Saxonians across teams and departments and do my part to further bring Saxo Bank’s mission to life on the ambitious journey ahead.”

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Pedersen‘s Work History

Based in Copenhagen, she is joining Saxo from Nordea’s Nordic Personal Banking unit, where she has been the CFO for the past four years. Before that, she was a senior manager at Deloitte and spent almost a decade with Danske Bank in various roles.

Her leadership posts with the banks and consulting firms will become beneficial to her new leadership role.

“She comes with a strong track record, which will be an important asset for our future growth. Apart from being a key sparring partner for the entire organization, Mette brings a strong commercial mindset that will help take Saxo Bank to the next level,” said Kim Fournais, Founder and CEO at Saxo Bank.

“We are on an exciting journey; fully integrating BinckBank, executing on strategy plan, and not least serving more clients than ever before. The CFO area is crucial for achieving this success and for ensuring strong cost management and a focus on input-output.”

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