Kim Fournais had held several senior positions in the financial services and analysis functions of a number of leading Danish financial companies and banks before establishing Midas (now Saxo Bank) in 1992 as a founding shareholder and Managing Director. In a brief period between 1999-2000, Kim Fournais has also acted as Managing Director of a joint venture between Credit Lyonnais and Midas' sister company, CL Markets.com. CL Markets.com was a joint venture between Credit Lyonnais and Midas concentrating on the development of Internet-based trading systems and websites working closely together with both institutions.   With effect from January 2001, Midas effectively took over all shares of CL Markets.com from Credit Lyonnais and merged its main activities with those of Midas. The full technical infrastructure including SaxoTrader, which is the unique trading system developed by the bank, remains one of the key focus areas for Kim Fournais as well as the overall strategic planning and operations of Saxo Bank.   Together with Lars Seier Christensen, Kim Fournais continues to share responsibility for the strategic planning and overall management of Saxo Bank in his role as joint CEO.