Saxo Bank Executive Casper Solbakken Steps Down After 20 Years

A long-serving executive at Saxo Bank, Casper Andreas Solbakken, has stepped down after more than 20 years with the company, marking another leadership shift following recent ownership changes.

Solbakken confirmed his departure in a LinkedIn post on Monday, stating that “after 20 incredible years at Saxo Bank, the time has come for me to start a new chapter.” He reflected on his tenure, saying the experience “shaped me profoundly” and strengthened his leadership approach, while reinforcing the importance of disciplined execution, strategic clarity, and collaboration across teams.

Saxo Bank Executive Casper Solbakken Steps Down After 20 Years

His exit comes shortly after J. Safra Sarasin Group completed the acquisition of a majority stake in Saxo Bank. The deal also saw Daniel Belfer appointed as chief executive, signaling a new phase for the Danish trading platform.

Solbakken most recently served as Global Head of Commercial Offering & Experience, a role he assumed in May 2024. Prior to that, he held several senior positions, including Global Head of Products, Pricing and Platforms, and Global Head of Products and Services. His responsibilities spanned product strategy, pricing frameworks, and platform development.

His journey at Saxo Bank began as a quantitative trader, a position he held for more than a decade. Over time, he transitioned into leadership roles, including Head of Equities and Product Specialist for equities. Earlier in his career, he worked as a student assistant in equities and derivatives, as well as at Nykredit.

The ownership transition places Saxo Bank within a broader financial group overseeing substantial global operations. J. Safra Sarasin manages more than $460 billion in client assets and employs around 5,000 people across over 35 locations. Its parent organization, J. Safra Group, controls approximately $590 billion in assets and operates in more than 230 locations worldwide.

The acquisition, approved by regulators including FINMA and Denmark’s Financial Supervisory Authority, took about a year to complete.

Company Overview

Saxo Bank stands out as a premier multi-asset broker, offering exceptional research capabilities and an exceptional trading platform, along with an impressive array of over 70,000 tradable instruments, which include spot forex, FX options, NDFs, CFDs, stocks, stock options, exchange-traded funds, ETNs, futures, and 33,000 bonds. For engaged traders, Saxo Bank offers a comprehensive and immersive trading journey, boasting an extensive toolkit, research resources, and premium features.

Discover more in our Complete Review.