Saxo Bank UK Faces Leadership Transition as CEO Charles White-Thomson Resigns

Saxo Bank UK is undergoing a significant leadership
shift as CEO Charles White-Thomson announces his resignation.
White-Thomson, who has played a crucial role in steering the financial
technology giant, has also stepped down from the Board of Directors of Saxo
Capital Markets UK Ltd.

White-Thomson took to LinkedIn to share the
news of his departure, expressing gratitude for the five years he spent at the
helm of Saxo Bank UK. Amid the dynamic financial landscape, his tenure has been
marked by challenges and successes, shaping the company’s trajectory in the industry.

White-Thomson mentioned: “After an enjoyable
and action-packed 5 years, I have decided to step down as CEO and leave Saxo to
pursue the next chapter of my life. I would like to thank Saxo for the
significant opportunity and to make a special shout out for the excellent UK
office.”

“It has been a pleasure to work with such good
people and inspirational clients whilst getting a deep understanding of a 30-year-old financial technology business and all the moving parts behind a
large, complex, and highly regulated retail franchise.”

Recently, Saxo Bank announced significant changes to its executive team, marking a pivotal moment in its commitment to governance
and compliance . The company promoted John Carmichael to the role of Chief Risk
and Compliance Officer.

His appointment happened as Saxo Bank sought to
enhance its governance structures in response to regulatory requirements and
its designation as a Systemically Important Financial Institution by Danish
regulators, Finance Magnates reported.

Changes in Saxo Bank’s Executives

Saxo Bank’s decision to consolidate its risk and
compliance functions under Carmichael’s leadership reflects a step to
bolster regulatory adherence. With over 16 years of experience at Saxo Bank and
a background in audit and compliance, Carmichael is poised to steer the company
through its next growth phase while ensuring adherence to stringent capital
requirements and regulatory standards.

Besides that, Saxo Bank announced several other key
executive promotions aimed at optimizing its risk and compliance
infrastructure. Karina Hansen was promoted to Chief Compliance Officer, and Rasmus Bauer was appointed Chief Risk Officer.