Charles White-Thomson Steps Down as CEO of Saxo Bank UK

​(Picture Source: LinkedIn)

Fazzaco has learned that Charles White-Thomson has resigned from his role as CEO of Saxo Markets UK and a Member of the Board of Directors of Saxo Capital Markets UK Ltd.

White-Thomson has more than three decades of experience in the financial industry. According to his LinkedIn profile, White-Thomson joined Saxo Markets UK as a non-executive director in April 2019 and became the Chairman of the board in February 2020 before assuming the role of CEO later that year. Prior to his time at Saxo UK, he worked at Credit Suisse as a Managing Director for more than 17 years, leading the equities business across multiple regions.

Simon Camilleri​, who joined Saxo Markets UK in November 2022 as Chief Operating Officer, will succeed White-Thomson as interim CEO of the UK business.

White-Thomson said on LinkedIn: "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 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.

"The experience has also encouraged me to find my public voice and pen, and the courage to be as direct and frank with my views and thoughts as possible. I am grateful to all the great media institutions, publications and people I have worked with and the engaging debates around some of the more pressing issues and topics that we face.

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."

In a separate personnel change, Fazzaco reported last month that John Carmichael​ has been promoted to the position of Chief Risk and Compliance Officer at Saxo Bank. Carmichael's role will involve strengthening the company's governance structures, risk management, and compliance.