In the latest of a series of senior management moves made after China’s Geely Group moved to take control of the company late last year, Copenhagen based Retail FX brokerage group Saxo Bank has announced the appointment of Lars Kufall Beck as Global Chief Financial Officer (CFO), effective no later than May 1, 2019.
Lars Kufall Beck joins Saxo Bank from Danish facility services company ISS Group, and succeeds Rasmus Lund in the role. Mr. Lund recently joined Copenhagen Airport as CFO.
Lars Kufall Beck will report directly to Steen Blaafalk, Head of Group Finance & Risk (GFR) and Group CFRO. Mr. Kufall Beck will be part of the global management team in GFR and Saxo Group’s Senior Management Team.
In his role, Mr. Kufall Beck will be responsible for all the important functions within Group Finance overseeing regional Finance Operations, Business Planning and Analysis, Facility Management, and Group Procurement.
During his 15+ year career, he has held several finance leadership roles and as noted above joins Saxo Bank from ISS Group where he spent almost ten years in various executive positions. Most recently, he served as the Group’s Regional CFO for Continental Europe and prior to this, spent more than three years as CFO for ISS Facility Services Sweden, and served as the Group’s Regional CFO for the Nordic region. He has also headed ISS Group’s Risk Management for two years. Before joining ISS, Kufall Beck spent three years as Senior Manager for the Actuarial and Insurance solutions at Deloitte Consulting and was Chief Actuary for Danish Re Underwriting Agencies before then.
Lars Kufall Beck holds a Bachelor’s degree in Finance and a Master’s degree in Actuarial Science from Copenhagen Business School. Moreover, he has obtained a certification as Chartered Financial Analyst (CFA).
Steen Blaafalk
Commenting on his appointment, Steen Blaafalk, Saxo Bank Group CFRO, said:
Lars has a broad and deep international experience with a good understanding of regulation, risk management, treasury, and financial instruments, which ideally positions him to take the company to the next level. He has served in a broad range of executive roles in risk management, treasury and finance and has a strong background as an actuary. Global CFO is a key role in Saxo Bank and an important sparring partner and advisor to the Executive Team of the Bank. Lars is a very talented top executive with strong leadership skills and practical management experience and we look forward to working with him on developing the CFO function further.
Lars Kufall Beck added:
I am delighted and proud to join Saxo Bank and feel strongly about the high level of ambition and the dynamic environment that Saxo Bank is operating in. The prospects for Saxo Bank are highly positive and I very much look forward to contributing to Saxo Bank’s ambitious journey ahead.