Saxo's Fournais turns 50
The bank's founder and CEO has been at its helm for almost half his life
Kim Fournais, co-founder and chief executive of Saxo Bank, is turning 50 today (June 30).
He founded Midas – renamed Saxo in 2001– with capital of $78,000 in 1992. Three months after its launch he was joined by Lars Seier Christensen, a London-based stockbroker, who was an investor at first and then co-chief executive in 1995.
Copenhagen-based Fournais had a vision of giving private investors the same access to the world's financial markets as that enjoyed by institutional investors. Throughout
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