Saxo Bank Announces New Board Members
HELLERUP, Denmark, December 20, 2013
HELLERUP, Denmark, December 20, 2013 /PRNewswire/ --
Saxo Bank, the online trading and investment specialist, is pleased to
announce that Lone Fønss Schrøder is appointed new Vice Chairman of the board
and Jacob Polny, former alternate member, will continue on as a full member of
the Board of Directors.
Saxo Bank's new Board of Directors was approved by the shareholders at the
extraordinary general meeting December 20 ^th in Copenhagen.
New Vice Chairman Lone Fønss Schrøder is partner and co-founder at Swedish
Norfalck and holds board seats in International companies in the Nordics, in
Europe, Canada and in the Chinese owned Volvo Car Corporation.
Jacob Polny, Principal at TPG Capital who acquired 30 per cent of Saxo Bank in
2011, has been an alternate member of the Saxo Bank board since December 2011
and will continue as a full member of the Board of Directors to ensure
In a statement, Chairman of the Board Dennis Malamatinas says:
"Saxo Bank welcomes Lone Fønss Schrøder and Jacob Polny to the Board of
Directors. We will continue to focus on Saxo Bank's core business in order to
be the most profitable and professional facilitator in the global capital
The new members of the board will take over from Asiff Hirji, partner in TPG
Capital and Kurt K. Larsen, Chairman of the international transport group DSV.
The founders of Saxo Bank, Kim Fournais and Lars Seier Christensen, owns
through Fournais Holding A/S and Lars Seier Christensen Holding A/S 29.95 per
cent of the Bank each. Leading investment firm TPG Capital owns 30 per cent.
Saxo Bank's board of directors will now comprise:
Dennis Malamatinas, Chairman
Lone Fønss Schrøder, Vice Chairman
Professor Thomas Plenborg
Karl I. Peterson, Partner at TPG Capital
Jacob Polny, Principal at TPG Capital
Lone Fønss Schrøder has over 30 years of Industrial and financial experience
within corporate governance, from strategy implantation and business building
mainly from EPCI companies, oil and gas industrial production, aviation, OEM,
Shipping and logistics and financial institutions. She has heavey
international board experience Lone Fønss Schrøder began her career in the
Maersk Group in 1982, where she became the highest placed woman. From 2005 to
2010, Lone Fønss Schrøder was CEO and president of Wallenius Lines, the
world's largest roll-on/roll-off carrier. She holds a Master of Law from
Copenhagen University and Business Economics from CBS, Copenhagen.
Jacob Polny is a Principal at TPG Capital, a leading global private investment
firm, where he leads TPG's investment activities in the Nordic region. In
2010, he was a member of the team that invested in Ontex, Europe's private
label market leader in hygienic disposable products. Prior to joining TPG in
2008, Mr Polny was a Senior Associate at Altor Equity Partners, a private
equity firm focused on investing in medium sized companies across the Nordic
region. Previously, he was an Analyst in the Investment Banking Division at
Goldman Sachs in London. Mr Polny holds a BA from Oxford University and an MBA
from Columbia Business School, and currently serves as a member of the Board
of Ontex SA.
About Saxo Bank
Saxo Bank is a leading online trading and investment specialist, offering
private investors and institutional clients a complete set of tools for their
trading and investment strategies. A fully licensed and regulated European
bank, Saxo Bank enables clients to trade FX, CFDs , ETFs, Stocks, Futures,
Options and other derivatives via three specialised and fully integrated
multi-asset trading platforms ; the browser-based SaxoWebTrader, the
downloadable SaxoTrader and the SaxoTrader app. The platforms are available in
over 20 languages and are white-labelled by more than 100 major financial
institutions worldwide. Saxo Bank also offers professional portfolio and fund
management as well as traditional banking services through Saxo Privatbank.
Founded in 1992, the Saxo Bank Group is headquartered in Copenhagen with
offices in 26 countries throughout Europe, Asia, Middle East, Latin America,
Africa and Australia.
Contact: Media enquiries: Cathrine Kier, Head of Nordic Communications, Saxo
Bank +45 2068 4510 firstname.lastname@example.org
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