Saxo Bank appoints global financial chief

Lars Kufall Beck will take up the role by 1 May 2019, replacing Rasmus Lund who left Saxo Bank earlier this year.

Saxo Bank has appointed a new group chief financial officer following the departure of Rasmus Lund earlier this year after being in the role since 2012.

Lars Kufall Beck will take up the role no later than 1 May next year and will oversee all functions within the finance unit, including operations, business planning and analysis, facility management and group procurement, Saxo Bank said in a statement.

Beck joins Saxo Bank from ISS Group where he held various executive roles for almost 10 years. Most recently, he served as the group’s regional CFO for the Nordic region and also spent two years leading ISS Group’s risk management.

“Lars has a broad and deep international experience with a good understanding of regulation, risk management, treasury, and financial instruments, which ideally positions him to take the company to the next level,” said Steen Blaaflk, head of group finance and risk at Saxo Bank.

“Global CFO is a key role in Saxo Bank and an important sparring partner and advisor to the Executive Team of the Bank. Lars is a very talented top executive with strong leadership skills and practical management experience and we look forward to working with him on developing the CFO function further.”

Saxo Bank launched its new multi-asset trading platform for active traders and institutional clients in April this year, replacing its SaxoTrader execution platform. The SaxoTraderPRO platform provides users with access to exchange-traded funds (ETFs), stocks, bonds, FX , futures and options, with connections to more than 100 liquidity providers and exchanges.

“I am delighted and proud to join Saxo Bank and feel strongly about the high level of ambition and the dynamic environment that Saxo Bank is operating in. The prospects for Saxo Bank are highly positive and I very much look forward to contributing to Saxo Bank’s ambitious journey ahead,” Beck concluded.