HELLERUP, Denmark, February 18, 2014 /PRNewswire/ --



Saxo Bank is consolidating the organisation and strengthening its business by making Steen Blaafalk the new Global Head of Finance and Risk Operations and a member of the Board of Management.

Steen Blaafalk joins Saxo Bank with significant senior experience from the financial sector, most recently acting as Head of Group Treasury and a member of the executive committee at Danske Bank.  In his 30-year career in Danske Bank, Steen has also served as Head of Danske Markets with an impressive track record of creating profitable results. Additionally, he has a strong background in trading and trading platforms as well as in national and EU regulation.

In a joint statement, Co-founders and Co-CEO's 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."

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. Steen Blaafalk will also be listed as a member of the Board Management, alongside Kim Fournais and Lars Seier Christensen.

"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," Steen Blaafalk said.

Steen Blaafalk will officially join Saxo Bank on 22 April.

About Saxo Bank

Saxo Bank is a leading online trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives via three specialised and fully integrated multi-asset trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoTrader app. The platforms are available in over 20 languages and are white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, the Saxo Bank Group is headquartered in Copenhagen with 23 local offices throughout Europe, Asia, Middle East, Latin America, Africa and Australia.

SOURCE Saxo Bank