Saxo Bank Appoints Lars Kufall Beck As Global CFO - The Industry Spread

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

Saxo Bank

Saxo Bank Appoints Lars Kufall Beck As Global CFO

October 30, 2018
Lars Kufall Beck, Saxo Bank Global Chief Financial Officer
Lars Kufall Beck, Saxo Bank Global Chief Financial Officer

Saxo Bank announced the appointment of Lars Kufall Beck as Global Chief Financial Officer (CFO), reporting directly to Steen Blaafalk, Head of Group Finance & Risk (GFR) and Group CFRO.

Beck will join the global management team in GFR and Saxo Group’s Senior Management Team (SMT). Effective no later than 1 May 2019, Beck will succeed Rasmus Lund in the role at the multi-asset trading and investment company, responsible for all the important functions within Group Finance overseeing regional Finance Operations, Business Planning and Analysis, Facility Management, and Group Procurement.

Beck is an industry veteran with over 15 years of experience, having held several finance leadership roles. He joins Saxo Bank from ISS Group where he spent almost 10 years in various executive positions, most recently as the Group’s Regional CFO for Continental Europe. He also spent more than 3 years as CFO for ISS Facility Services Sweden and served as the Group’s Regional CFO for the Nordic region. He has also headed ISS Group’s Risk Management for two years.

Steen Blaafalk, Head of Group Finance & Risk at Saxo Bank
Steen Blaafalk, Head of Group Finance & Risk at Saxo Bank

Steen Blaafalk, Group CFRO, said: “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. He has served in a broad range of executive roles in risk management, treasury and finance and has a strong background as an actuary. 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.”

Lars Kufall Beck said: “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.”

The leading Copenhagen-based Retail FX and CFDs broker has recently expanded its CFD offering with a range of CFD Options on a variety of option roots, covering puts and calls.

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