Saxo Bank appoints new Global CFO 29 October 2018Copenhagen Reporter: Maddie Saghir
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Saxo Bank has appointed Lars Kufall Beck as global CFO, effective no later than 1 May next year.
In his new role, Kufall Beck will be part of the global management team in Group Finance and Risk (GFR) and Saxo Group’s Senior Management Team (SMT).
Additionally, he will be responsible for all of the important functions within group finance overseeing regional financial operations, business planning and analysis, facility management, and group procurement.
Kufall Beck will report directly to Steen Blaafalk, head of GFR and group CFRO, and he will succeed Rasmus Lund.
During his career, which spans over 15 years, Kufall Beck has had several finance leadership roles, and he joins Saxo Bank from ISS Group where he spent almost 10 years in various executive positions.
Most recently, he served as the group’s regional CFO for continental Europe and prior to this, he spent more than three years as CFO for ISS Facility Services Sweden.
He also served as the group’s regional CFO for the Nordic Region and headed ISSG Group’s risk management for two years.
Prior to ISS, Kufall Beck served as a senior manager for three years for the Actuarial and Insurance solutions at Deloitte Consulting and was chief actuary for Danish Re Underwriting Agencies before then.
Commenting on his appointment, Steen Blaafalk, Group CFRO, said: “Kufall Beck 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.”
Kufall Beck commented: “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.”
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