Steen Blaafalk to Join Saxo Bank as New Global Head of Finance and Risk Operations

The Copenhagen-based multi-asset online broker, Saxo Bank, announced today that Steen Blaafalk will officially join the firm on the 22nd of April, 2014. He will also be listed as a member of the Board Management, alongside Kim Fournais and Lars Seier Christensen.

Mr. Blaafalk brings to Saxo Bank his significant senior financial sector experience, most recently acting as Head of Group Treasury and a member of the executive committee at Danske Bank. In his thirty years long career in Danske Bank, he also served as Head of Danske Markets with a track record of creating profitable results. Additionally, Mr. Blaafalk has a background in trading and trading platforms as well as in national and EU 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.

In a joint statement, Co-founders and Co-CEOs Kim Fournais and Lars Seier Christensen said: “Saxo Bank is an expanding organization, and through the recruitment of Steen Blaafalk we significantly strengthen the organization for the opportunities and challenges ahead. Steen Blaafalk brings unique expertise in financial operations and extensive experience from the financial sector. This recruitment should be seen as a part of reinforcing the focus on our core business.”

As Saxo Bank’s new Global Head of Finance and Risk Operations, Steen Blaafalk will be responsible for all legal and compliance, finance, 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 and business intelligence within the bank.

Commenting on the announcement, Mr. Blaafalk said: "I very much look forward to being a part of the management of Saxo Bank, an organization that has established itself as a serious player in the banking industry over the last 20 years. With my experience and knowledge from the financial sector, I hope to strengthen Saxo Bank’s global position as the provider of a world class platform."