Kim Fournais co-founded Saxo Bank with Lars Seier Christensen in 1992 under the name Midas.
Before establishing Midas as a Danish service broker, Fournais held various positions in the financial services sector having originally trained as an engineer.
Fournais headed Midas alone for the first three years with Seier Christensen joining as co-CEO in 1995. In 1998, the group launched its first online trading and investment platform offering competitively priced and reliable online trading services to private traders and later also institutional partners. Midas officially attained European bank status and was renamed Saxo Bank in 2001.
The partnership between Fournais and Seier Christensen has resulted in the development of Saxo Bank's trademark online trading technology. Fournais was instrumental in developing the infrastructure and award-winning design of SaxoTrader, which secured Saxo Bank a strong position in online investment trading. The combination of innovative technology and a unique understanding of the global capital markets have been instrumental to the growth of the Bank and hundreds of partnerships all over the world have helped ensure Saxo Bank's success. In November of 2007, Saxo Bank partnered up with Citibank, the largest bank in the U.S.
Fournais continues to take a keen interest in the bank’s technological offering, strategic planning, product development, strategic partnerships and overall future development of the banks business model.
Together, Fournais and Seier Christensen have accepted a host of international awards on behalf of the bank, including the “2007 FX Week Achievement Award” when they were both honored for their outstanding contribution to the success of the e-FX industry.