Saxo confirms Mads Dorf Petersen as Chief Financial Officer

Rick Steves

“Mads is an exceptional and positive person, a subject matter expert that is always curious to learn even more, and he is very well-liked and respected by his colleagues and team.”

Saxo Bank has announced the appointment of Mads Dorf Petersen as Chief Financial Officer (CFO) after having held the position since October on an interim basis after Mette Ingeman Pedersen left Saxo.

Prior to the departure of Mette Ingeman Pedersen, Mads Dorf Petersen served as Head of Commercial Finance at Saxo. The executive joined the bank in 2009 and has held a number of leadership roles within finance including Head of Business Planning and Analysis and Deputy Head of Group Finance.

Deep understanding of Saxo’s business model and strategy

Mads Dorf Petersen has become CFO after 13 years at Saxo, having developed a deep understanding of both the business model, the firm’s strategy, and the finance and legal area. These will be core to Saxo’s future growth journey, according to chief executive Kim Fournais.

Kim Fournais, CEO & Founder, commented: “On behalf of Saxo, I’m very happy to announce that Mads Dorf Petersen will continue in the role as CFO. Mads is an exceptional and positive person, a subject matter expert that is always curious to learn even more, and he is very well-liked and respected by his colleagues and team. His expertise and proven track record makes him the ideal person to lead our financial and legal operations and help us achieve our strategic goals.

Mads Dorf Petersen, CFO at Saxo Bank, commented: “I am excited and proud to take on this role, and not least continue the work with the many passionate and talented colleagues within the finance and legal area as well as the remaining great colleagues across the organisation. Saxo is serving more clients than ever before, and we look forward to welcoming many more over the coming years. The fact that Saxo is a prudent, regulated, and well-capitalised financial institution is one of the foundations of our success, and we remain fully committed to being ahead of the curve on these crucial areas as we continue to grow and further scale our business.”

Peak hawkishness in Q4, and what comes next?

A few months ago, Saxo 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?

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