Financial and Business News

After 32 Years, Saxo’s Second Employee Marks Final Day as Director for Nordic VIPs

Thursday, 22/01/2026 | 15:56 GMT by Tareq Sikder
  • Thomas Dam served as Senior Manager and later Director, overseeing Nordic VIPs and ultra-wealth clients at the firm.
  • In December last year, Saxo Bank reported serving 1.5 million clients.
Thomas Dam, Saxo, Source: LinkedIn
Thomas Dam, Saxo, Source: LinkedIn

Saxo Bank said on LinkedIn today (Thursday) that it marked the last working day of Thomas Dam, Director for Nordic VIPs and Ultra-High Net Worth Clients.

Dam had been with the company for 32 years and was its second employee. He joined when Saxo was “only a small team,” the post said. For context, when Dam started in 1993, gold traded around $360 per ounce. Today, gold is over $4,800 per ounce, reflecting the changes in global markets over the span of his career.

From First Client to Trillion Assets

Dam joined the firm in June 1993 and remained there until January 2026. His roles included Senior Manager, Institutional, Regional Head of Nordic and Key Accounts, Head of Relationship Management, and later Director for Nordic VIPs and Ultra-High Net Worth Clients.

Dam said that after 32 years the firm had become “more than a workplace.” He described it as “part of your identity” and said it was a place where “relationships, trust and humanity” mattered alongside “numbers, strategies, processes and results.”

Saxo said Dam followed the firm’s development from its early years to its current global structure. The company stated that he was present “from welcoming our very first client” through to “reaching DKK 1 trillion in client assets.”

Bank Reports Growth, Targets Younger Investors

In December last year, Saxo Bank reported it serves 1.5 million clients. The bank has expanded its professional and international offerings.

In France, it launched PartnerConnect, a platform for independent asset managers and advisers, providing portfolio management, digital onboarding, automated processes, and client reporting, while allowing end-clients to onboard online and access over 70,000 cash and margin products through a licensed Danish subsidiary.

In the UK, Saxo joined the Platforms Association and increased operations, with younger investors and women accounting for larger shares of new clients.

Saxo Bank said on LinkedIn today (Thursday) that it marked the last working day of Thomas Dam, Director for Nordic VIPs and Ultra-High Net Worth Clients.

Dam had been with the company for 32 years and was its second employee. He joined when Saxo was “only a small team,” the post said. For context, when Dam started in 1993, gold traded around $360 per ounce. Today, gold is over $4,800 per ounce, reflecting the changes in global markets over the span of his career.

From First Client to Trillion Assets

Dam joined the firm in June 1993 and remained there until January 2026. His roles included Senior Manager, Institutional, Regional Head of Nordic and Key Accounts, Head of Relationship Management, and later Director for Nordic VIPs and Ultra-High Net Worth Clients.

Dam said that after 32 years the firm had become “more than a workplace.” He described it as “part of your identity” and said it was a place where “relationships, trust and humanity” mattered alongside “numbers, strategies, processes and results.”

Saxo said Dam followed the firm’s development from its early years to its current global structure. The company stated that he was present “from welcoming our very first client” through to “reaching DKK 1 trillion in client assets.”

Bank Reports Growth, Targets Younger Investors

In December last year, Saxo Bank reported it serves 1.5 million clients. The bank has expanded its professional and international offerings.

In France, it launched PartnerConnect, a platform for independent asset managers and advisers, providing portfolio management, digital onboarding, automated processes, and client reporting, while allowing end-clients to onboard online and access over 70,000 cash and margin products through a licensed Danish subsidiary.

In the UK, Saxo joined the Platforms Association and increased operations, with younger investors and women accounting for larger shares of new clients.

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About the Author: Tareq Sikder
Tareq Sikder
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A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

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