Saxo Bank makes changes at the top


Copenhagen-based Saxo Bank, one of the world’s largest retail FX firms (and a member of LeapRate’s Approved List of global Forex firms), announced yesterday that Dennis Malamatinas, currently its Deputy Chairman and former global head of Smirnoff Vodka, Burger King Corporation and Priceline Europe, was appointed Saxo Bank’s new Chairman of the Board. Malamatinas replaces Kurt Larsen, Chairman since 2010. Larsen was the longtime CEO of international transport group DSV, and will remain on the Saxo Bank board. 

No changes have been made to Saxo Bank’s management team, which continues to be headed by co-founders and co-CEOs Kim Fournais and Lars Seier Christensen.

Private equity investor TPG Capital, which last year acquired 30% of Saxo Bank for $560 million, now has two members (plus one alternate) on Saxo Bank’s five-person board, with TPG’s Asiff Hirji appointed to Deputy Chairman.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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Saxo Bank makes changes at the top

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