SOURCE: Saxo Bank A/S

December 20, 2007 02:07 ET

Saxo Bank Appoints New CFO

GENTOFTE, DENMARK--(Marketwire - December 20, 2007) -

Saxo Bank boosts its international management team and rounds off a year of global expansion and management recruitment with the appointment of a new Chief Financial Officer.

Howard Prince-Wright, CFO of multi-regional cement producer, Titan Cement Company SA ("Titan") joins Saxo Bank, the Copenhagen-based online investment bank, reporting to CEOs and co-founders, Lars Seier Christensen and Kim Fournais.

"We are delighted to welcome someone of Howard's caliber and excellent reputation to Saxo Bank. We think that with his extensive international experience, not at least being CFO in big international listed companies, he will be a great asset to us as we undergo what is for us, a very exciting and prosperous period of global expansion," says Kim Fournais.

Lars Seier Christensen adds that Prince-Wright's appointment will strengthen Saxo Bank's efforts in building the new management team at a time when the bank has launched several new offices together with a host of new recruits.

"Howard superbly compliments the strong management team we have built during the last 18 months and will bring even more focus to the all-important area of tracking, measuring and optimizing all the financial components of our increasingly complex business," says Lars Seier Christensen.

He is convinced that Prince-Wright's business acumen will contribute strongly to expanding and developing Saxo Bank's business and partnerships across the globe. With this appointment a crucial element in Saxo Bank's strategy falls into place.

Prince-Wright has been CFO of the Athens listed Titan group since 2002. In his previous post, he was praised for overseeing the company's strong economic growth and international expansion, increasing the foreign investor base, securing investment grade ratings from S&P and implementing international reporting and accounting standards. He will join Saxo Bank during the first quarter of 2008.

"Saxo Bank is moving forward from one great achievement to another, the challenges ahead are both exciting and thrilling, I look forward to being part of a team that consistently delivers. International expansion and ambitious goals go hand in hand with a strong financial and economic growth. I welcome these challenges," says Howard Prince-Wright who will take up his new role from March 2008.

The appointment of Howard Prince-Wright follows the appointment of Albert Maasland, COO, effective 1 December 2007, Rabbe Ekholm, CCO, effective 1 May 2007, Michael Villi Møller, Global Head of Legal and Compliance, effective 1 December 2006, Tobias Straessle, CIO and Head of IT, effective 1 November 2006 as well as Kevin Ashby, Chairman and CEO of the bank's Asia-Pacific subsidiary, Saxo Capital Markets Ltd in Singapore, effective 1 September 2006.

Biography of Howard Prince-Wright

Howard Prince-Wright was CFO of Athens based and listed global cement producer Titan Cement Company from 2002 to date and oversaw an annual turnover of £1.5 billion in 2006 from core operations in Greece, the United States, the Balkans and the Middle East. He has gained start-up and small business experience, through founding an on-line supply chain solutions business which currently employs 36 staff and operates around Europe. From December 2001 to February 2002 Prince-Wright was CFO and responsible for publicly floating The Spirit Group, one of the UK's largest pub and restaurant conglomerates, prior to which he held the role as Burger King Vice President Finance and Business Support from 1997 to 1999. Among his many roles, Prince-Wright has also worked as Finance Director for a number of top and mid-tier companies including: Grand Met, IDV Asia Pacific and IDV UK, Metaxa, and as an accounting director and auditor with Mobil Oil Corporation. Formerly educated as an accountant, Prince-Wright is a fellow of the Institute of Chartered Accounts in England and Wales.

About Saxo Bank A/S

Saxo Bank A/S is a modern investment bank specializing in online investments in international Capital Markets. Saxo Bank enables clients to trade currencies, shares, CFDs, futures, options and other derivatives, as well as providing portfolio management via our online trading platform, SaxoTrader. SaxoTrader has been developed by Saxo Bank and is available to today's investor directly through Saxo Bank or through one of our global partnerships, where it forms an integral part of their infrastructure. One of Saxo Bank's significant areas of business is White Labelling. This involves the bank's online trading platform being customized and branded for other financial institutions and brokers. Saxo Bank has more than 100 White Label Partners and boasts thousands of clients in over 177 countries. The bank's website receives approximately 65,000 visitors every day. Saxo Bank currently employs almost 1,200 employees from 58 different countries.

Saxo Bank has its headquarters in Copenhagen, with operating offices in London, Geneva, Zürich, Singapore and Marbella. It also runs a representative office in Beijing and an IT development centre in St. Petersburg.

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