Saxo Co-Founder, CEO Quits After 20 Years in Bank's Management
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Lars Seier Christensen, the 52-year-old co-founder and chief executive officer of Saxo Bank, will step down at the end of this year.
The move means Saxo will be run by Kim Fournais, according to a statement on Monday. Fournais founded the Danish broker bank together with Christensen in 1992 and the two worked as joint CEOs. Saxo said its long-term strategy remains to seek an initial public offering.