Saxo appoints Marika Frederiksson to the BoD

Marika Frederiksson served as CFO of sustainable energy solutions provider Vestas. In April, Saxo Bank appointed Vestas chief executive Henrik Andersen as a member of the Board of Directors.

Saxo Bank has announced Marika Frederiksson as a member of to the Board of Directors after a vote at an extraordinary general meeting.

Marika Frederiksson is an industry veteran who has previously served as CFO and Group Executive Vice President of Vestas Wind Systems A/S, a global leader in sustainable energy solutions.

Other past roles include various leadership positions such as CFO of Gambro AB, CFO of Autoliv Inc., CFO and Senior Vice President Finance and Strategy at Volvo Construction Equipment International AB.

She is currently on the Board of Directors at A.P. Møller – Maersk A/S, Industrivarden AB, Sandvik AB, Ecolean AB and Prodata A/S whilst she is also a member of the Advisory Board at Axel.

Kim Fournais, CEO & founder of Saxo Bank, commented: “We are proud to welcome Marika to Saxo Bank’s Board of Directors. Her expertise within strategy and leadership will be an important asset as we continue to develop our organisation and grow our business across markets.”

Maria Fredriksson, member of Saxo Bank’s Board of Directors, commented: “Saxo Bank’s business model is one of a kind with a strong potential to further scale on a global level. Serving both direct clients and institutional partners with powerful and intuitive trading platforms is a core pedigree of Saxo Bank that will only become more relevant as more people look to manage their own investments.”

In April, Saxo Bank appointed Vestas chief executive Henrik Andersen as a member of the Board of Directors. His expertise increases its focus on ESG and empowers more people to make an impact with their investments.

Prior to Vestas Wind Systems, Henrik Andersen served as Group President & CEO of Hempel A/S and held executive leadership positions in ISS A/S. His career includes more than a decade within the financial industry.

Saxo issued gloomy report for Q4 2022

Saxo has recenty published its Q4 2022 Quarterly Outlook for global markets: a gloomy take on what to expect in this trimester as we are fast approaching a breaking point, that we’ll arrive at due to the “peak hawkishness” from policymakers over the next quarter or so, the firm states.

The online trading platform’s analysts still hold the view first shared in early 2020 that inflation would be deep rooted and persistent, but are we set for peak hawkishness in Q4, and what comes next?