Saxo announces interim CFO to address Mette Ingeman Pedersen’s resignation

Saxo Bank has appointed Mads Dorf Petersen as interim Chief Financial Officer (CFO) as he steps in to fill the shoes of Mette Ingeman Pedersen, who is leaving the online trading and investment services provider.

The new interim CFO joined the company in 2009 and held various leadership roles within finance including Head of Business Planning and Analysis and Deputy Head of Group Finance. He was most recently Head of Commercial Finance at Saxo.

Kim Fournais, CEO & Founder at Saxo, commented: “Mads Dorf Petersen will step in as interim CFO, he has been with Saxo for more than 13 years, is a strong leader and brings a deep understanding of both the bank, our strategy and the finance and legal area.”

Mette Ingeman Pedersen resigns as Saxo mulls Euronext Amsterdam listing

“We would like to thank Mette for her contribution to Saxo during the past year. She has helped further develop Global Finance & Legal to become a stronger business partner and enabler of our strategy. We wish Mette the very best in her future endeavours”, Fournais added.

Mette Ingeman Pedersen stayed at Saxo for less than a year as she only started her role at Saxo in November 2021. At the time of hiring, Saxo divided the current role as Chief Financial & Risk Officer into two separate areas:

– Steen Blaafalk, CFRO, would take the overall responsibility for Risk & Capital, Compliance and Credit, thereby overseeing the 2nd line of responsibility across the Saxo Bank Group as Group Chief Risk & Compliance Officer – CRCO.

– Mette Ingeman Pedersen would assume responsibility for Group Finance & Treasury, Legal as well as for the GFR COO area.

Mette Ingeman Pedersen resigned in short notice a few weeks after Saxo confirmed its intention to explore a listing of Saxo Bank on Euronext Amsterdam in connection with a business combination with Disruptive Capital Acquisition Company Limited (DCAC).

Being already well capitalized, Saxo Bank is mulling the potential listing in order to diversify its shareholder base, raise its profile and further accelerate its growth strategy.

According to the plan, the potential transaction values the outstanding shares of Saxo Bank at a pro forma aggregate amount of at least € 2 billion. Since there is no binding agreement at the moment, this only amounts to a projection as no listing or transaction are to go through at this point in time.

In the event Saxo Bank goes forward with the listing, there will be no primary issue of shares by Saxo Bank.