Saxo in executive shake-up
Frahm tendered his resignation and stepped down from the bank's senior executive management.
Frahm was previously global head of institutional sales at Saxo Bank. Before that, he was head of investment banking and vice-president of sales at rival dealer Danske Bank.
Replacing Frahm at Saxo Bank is Torben Kaaber, new executive director and head of the European and United States regions, based in Copenhagen. His responsibilities exclude the UK and the Middle East, which operates from Saxo's London
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