After seeing its trading volumes hit multi year lows in September, Copenhagen based Retail FX broker Saxo Bank has reported an uptick in activity during the month of October, but volumes were still much lower than Saxo was seeing late last year and in the first few months of 2018. Saxo's all-important FX trading volumes…
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Continuing to reshape its senior management team after control of the company passed to China's Geely Group, Copenhagen based Retail FX broker Saxo Bank has announced two changes to the Board of Management, involving two current executives at the company. The latest changes include: Board of Management member Søren Kyhl has been promoted to Deputy CEO…
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It looks like Saxo Bank's new ownership group has its work cut out. Continuing a very disturbing trend, trading volumes at Copenhagen based Retail FX broker Saxo Bank declined for the fourth consecutive month in September 2018, dropping to their lowest level since 2015. Saxo's all-important FX trading volumes - which account for more than…
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Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that all the necessary regulatory approvals have been received to enable China’s Geely Group and Sampo plc of Finland to acquire shares in Saxo Bank A/S. Following the approval and reflecting the new ownership structure of Saxo Bank, Daniel Donghui Li has been elected chairman…
Read moreContinuing its steady move toward building up its presence in Asia and the Far East, and China in particular, Copenhagen based Retail FX broker Saxo Bank has announced that it has added access to China A-shares to its global multi-asset offering. Saxo Bank clients are able to trade A-shares listed on the Shanghai and Shenzhen stock…
Read moreSaxo Bank has announced that the Denmark financial regulator FSA has approved the transaction which will see China's Geely Group take control of the Copenhagen based online trading services provider. The transaction, first announced in October 2017, saw China’s Geely and Finland’s Sampo take control of Saxo Bank, buying out TPG Capital and SinarMas in…
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Saxo Bank has a new majority owner. The Copenhagen based multi asset online broker has announced that Finland's Sampo Oyj (HEL:SAMPO) is becoming a new shareholder in Saxo Bank, joining China's Geely Group which will now become Saxo Bank's largest (and controlling) shareholder. Geely and Sampo will jointly buy out the other two main outside shareholders…
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Saxo Bank has seen a lot of change lately. And much of it the good variety. The company has a new largest-shareholder in Chinese industrial giant Geely Group. Co-founder Lars Seier Christensen, although not involved in day-to-day management for two years, cut his formal ties to the company by selling his stake to Geely. There have…
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Copenhagen based multi-asset broker Saxo Bank has announced that co-founder Lars Seier Christensen will be fully exiting from his ownership interest in the company, selling his 25.71% stake to Chinese conglomerate Geely Group. Certain minority shareholders are expected to exercise tag-along rights as part of the offer from Geely, which is expected to own about 30% of…
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