Saxo Bank UK CEO Announces Departure

Charles White-Thomson resigns as CEO of Saxo Markets UK and as a Member of the Board of Directors of Saxo Capital Markets UK Ltd.

White-Thomson, who has more than three decades of experience in the financial industry, joined Saxo Markets UK in April 2019 as a non-executive director; in February 2020, he became chairman of the board and later Chief Executive Officer. Prior to that, he also spent 17 years as a Managing Director at Credit Suisse.

Simon Camilleri, the Chief Operating Officer who joined the company in 2022, is said to become interim Chief Executive of Saxo Markets UK, taking over from White-Thomson.

“Hello all, I have some news to share with you. 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 whlist 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.

This decision has not been easy, but as I like to say – ‘life is not a dress rehearsal’ and I look forward to what is next.”

Last month, John Carmichael was promoted to Chief Risk and Compliance Officer of the company.