Saxo Bank Appoints Lars Kufall Beck as CFO

Change is afoot at Saxo Bank. On Monday, the Danish investment bank and online broker released a statement saying that Lars Kufall Beck has been appointed as Global Chief Financial Officer (CFO).

“Lars has a broad and deep international experience with a good understanding of Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, treasury, and financial instruments,” said Steen Blaafalk Saxo Bank’s Head of Group Finance & Risk, “which ideally positions him to take the company to the next level.”

According to the statement, Beck’s appointment will come into effect “no later than 1 May 2019.” Alongside his role as CFO, Beck will also join Saxo Bank’s global management team in Group Finance and Risk (GFR) and be a part of the group’s Senior Management Team.

In his new role, Beck will be responsible for several functions within group finance. On top of overseeing regional finance operations, he will have to work on business planning and analysis, facility management, and group procurement.

“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,” said Beck. “The prospects for Saxo Bank are highly positive and I very much look forward to contributing to Saxo Bank’s ambitious journey ahead.”

From Deloitte to ISS, to Saxo Bank

Beck joins Saxo Bank from facilities management company ISS. The new CFO joined ISS in 2008 and spent over ten years at the firm in a number of different roles, including Head of Group Risk Management. Most recently, he was the firm’s CFO for Continental Europe.

Before joining ISS, Beck spent three years as Senior Manager for the Actuarial and Insurance Solutions at Deloitte Consulting. Prior to that, he was Chief Actuary for Danish Re Underwriting Agencies.

Beck will replace Rasmus Lund, who, after joining Saxo Bank in 2008, was appointed CFO in 2012. Lund announced his departure from Saxo Bank in July of this year after he was appointed CFO of Copenhagen Airport.