Steen Blaafalk retires from Saxo Bank
Longtime Saxo Bank Chief Financial Officer, and more recently Chief Risk and Compliance Officer, Steen Blaafalk has announced his retirement from the company.
Steen Blaafalk was one of just four Saxo Bank Group Board of Management members, alongside CEO Kim Fournais, Deputy CEO and Chief Operating Officer Søren Kyhl, and Mette Ingeman Pedersen who joined Saxo as CFO last year. He joined Saxo Bank in 2014, following a 33 year career at Danske Bank, starting as a Dealer in the Danish bank’s Danske Markets unit and rising to become CEO of Danske Markets and then Head of Group Treasury.
The move comes just days after Saxo Bank nixed plans to go public on the Euronext Amsterdam exchange, via a SPAC merger.
Steen posted the following note about his retirement on social media.
Dear all,
I am retiring from a long carrier within banking and trading the past 42+ years 😊.
I am grateful for all the learnings, opportunities and experiences that I have been given and all the many great people I have worked with and teams I have been part of. It has been a life through decades of huge changes, which has impacted society and the life of many.
It will not be a complete goodbye to Saxo Bank, as I will continue in some directorships of our subsidiaries and I will always be an ambassador for this GREAT company.
I will also pursue the possibilities for other non-executive roles as well as advising – but more to come on this.