Saxo Bank appoints Lars Kufall Beck as Global CFO

Maria Nikolova

In his role, Kufall Beck will be responsible for all the important functions within Group Finance overseeing regional Finance Operations, Business Planning and Analysis, Facility Management, and Group Procurement.

Multi-asset trading and investment specialist Saxo Bank today announces the appointment of Lars Kufall Beck as Global Chief Financial Officer (CFO), effective no later than May 1, 2019.

He will report directly to Steen Blaafalk, Head of Group Finance & Risk (GFR) and Group CFRO. Kufall Beck will be part of the global management team in GFR and Saxo Group’s Senior Management Team (SMT).

In his role, Kufall Beck will be responsible for all the important functions within Group Finance overseeing regional Finance Operations, Business Planning and Analysis, Facility Management, and Group Procurement.

During his 15+ year career, he has held several finance leadership roles and joins Saxo Bank from ISS Group where he spent almost 10 years in various executive positions. Most recently, he served as the Group’s Regional CFO for Continental Europe and prior to this, 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. Before joining ISS, Kufall Beck spent 3 years as Senior Manager for the Actuarial and Insurance solutions at Deloitte Consulting and was Chief Actuary for Danish Re Underwriting Agencies before then.

Lars Kufall Beck holds a Bachelor’s degree in Finance and a Master’s degree in Actuarial Science from Copenhagen Business School. Moreover, he has obtained a certification as Chartered Financial Analyst (CFA).

Commenting on his appointment, 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.”

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.”

Lars Kufall Beck will succeed Rasmus Lund who will join Copenhagen Airport as CFO.

Read this next

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

<