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Saxo Bank Announces New Board Members

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 20th 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 continuity.

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 markets."

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

Further details:

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.

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