Majority stake in Saxo to be acquired by J. Safra Sarasin Group

Today, we are pleased to announce that J. Safra Sarasin Group, a Swiss family-owned finance conglomerate, has acquired a majority stake in Saxo Bank. This acquisition involves the shares previously held by Geely Financial Denmark A/S and Mandatum Group, resulting in J. Safra Sarasin Group holding a combined ownership of 70% in Saxo. Kim Fournais retains his shares and continues in his role as CEO of the company he founded over 30 years ago. Saxo Bank now becomes part of a European financial stronghold, which creates numerous synergies and enables Saxo to maintain its steep growth trajectory.

Daniel Belfer (left), Kim Fournais (rightt)

With Saxo recently posting its best financial results in history, highlighted by almost 1.3 million clients and client assets north of EUR 114 billion, the trust and confidence that investors and traders are putting in Saxo, its platforms, and product offerings are clear. Bringing in J. Safra Sarasin Group as a majority stakeholder while maintaining stability in management puts Saxo in a strong position to continue its sustainable growth and allow more curious to become invested in the world.