Saxo Bank Deputy Chief Executive Officer and Chief Operating Officer Søren Kyhl said he will leave the firm after more than a decade in senior management.

In a LinkedIn post, Kyhl wrote: “After more than 10 years as Deputy CEO and COO at Saxo Bank, the time has come for me to move on.” He did not disclose the timing of his departure or his next role.

The announcement comes as Swiss J.Safra Sarasin Group completed the acquisition of roughly 71% of Saxo Bank. The deal, initially valued at around €1.1billion, covers shares previously held by Geely Financials Denmark, Mandatum Group, and other investors. Founder Kim Fournais retains a 28% stake and steps down as CEO to become chairman of the board.

Deputy CEO Plans Career Break

Kyhl referred to key developments during his tenure. He wrote: “Along the way, we acquired and fully integrated BinckBank, while continuously strengthening our technology platform to ensure compliance, scalability, resilience, and security – always driven by the ambition to deliver the most intuitive and engaging digital client experience in the marketplace.”

During his time in senior management, Saxo Bank expanded its global trading and investment platform. The firm also increased its client base across several regions.

Kyhl said he plans to take a break before deciding on his next step. “I will now take time to reflect on the next chapter of my career,” he wrote. He added that he looks forward to “spending much more time with family and friends before embarking on what comes next.”

Research and Operations Leadership Tenure

Before joining Saxo Bank, Kyhl worked at Danske Bank for more than thirteen years. He held several senior roles during that period.

He served as Global Head of Transaction Banking and Chief Operating Officer in the Corporate & Institutions division for around one and a half years. He was also co-Head of Danske Markets for just under one year.

Earlier, he worked as Chief Operating Officer and Global Head of Research at Danske Markets for more than three and a half years. Prior to that, he held research leadership roles, including Global Head of Research and Head of Credit Research, over a combined period of several years.

This article was written by Tareq Sikder at www.financemagnates.com.ExecutivesRead More

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