Saxo Bank makes changes to its Board of Directors


Leading retail forex broker Saxo Bank has held an extraordinary general meeting of shareholders in order to change the composition of its Board of Directors.

Lone Fønss Schrøder, Saxo Bank Chairman
Lone Fønss Schrøder, Saxo Bank Chairman

Henrik Normann, the President and CEO of Nordic Investment Bank (NIB) and a member of the Saxo Board as from April 2015 was elected Vice Chairman.

Saxo Bank also added Danny Oei as a new Board Member. Danny Oei is a high ranking officer at Sinar Mas Group in Shanghai, China. Sinar Mas Group acquired a 9.9% stake in Saxo Bank in July 2015.

Sarah McPhee has stepped down from Saxo Bank’s Board.

All of the aforementioned changes are effective immediately.

The current changes come amid other management changes at Saxo Bank, including the recent resignation of co-founder Lars Seier Christensen from Saxo Bank’s Board of Management.

According to Lone Fønss Schrøder, Chairman of the Saxo Bank Board:

We would like to thank Sarah for her contribution to the Board over the past two years and are delighted to welcome Danny, who brings vast experience and knowledge of the Asian markets. The Board looks forward to implementing and executing on Saxo Bank’s strategic ambition to continue to grow and lead in the digital trading space.

After the general meeting, Saxo Bank’s board consists of:

  • Lone Fønss Schrøder, Chairman
  • Henrik Normann, Vice Chairman
  • Jacob Polny
  • Thomas Plenborg
  • Asiff Hirji
  • Danny Oei
  • Karl Peterson, Alternate

The full Saxo Bank press release can be seen here.

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Saxo Bank makes changes to its Board of Directors

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