The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

FX people moves: New board for Saxo

Major shareholders in Saxo Bank have nominated three new board members to be elected at the annual general meeting on April 6.

Nominated for chairman of the board is Kurt Larsen. Larsen was CEO of the international transport group DSV for many years and is the group’s chairman today.

Professor Thomas Plenborg from the department of accounting and auditing at Copenhagen Business School was also nominated to the board. Plenborg’s primary research areas are market-based accounting research, financial statement analysis and company valuation.

Isabel Ferreira, managing director of the Portuguese online wealth management bank Best, part of the Banco Espirito Santo Group, will also be joining Saxo’s board.

They will replace the current chairman Henrik Thufason, as well as attorney-at-law John Korsø Jensen and former head of FX and structured products at Citigroup, Julian Simmonds.

Saxo Bank’s two founders, Kim Fournais and Lars Seier Christensen say in a joint statement: “We are very grateful for the hard professional work the soon-to-be former board members have dedicated towards Saxo Bank. Over the last 10 years, Henrik Thufason and John Korsø Jensen have helped us to build Saxo Bank from a minor FX specialist to a leading international bank within trading, investment and savings.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree