Niels Jørgensen joins Saxo as Chief SaxoExperience Officer, Global Head of Marketing and Communications LeapRate

April 08, 2019 BY Valentina Kirilova

Niels Jørgensen joins Saxo as Chief SaxoExperience Officer, Global Head of Marketing and Communications

Copenhagen-based online broker Saxo Bank today announced that Niels Jørgensen will be joining the team in a newly created position as Chief SaxoExperience Officer, Global Head of Marketing and Communications as of 15 August. Niels Jørgensen will be a member of the Executive Team, and is going to be reporting directly to Kim Fournais, CEO…

February 26, 2019 BY Valentina Kirilova

Saxo Bank reports record FY 2018 profits after the sale of Saxo Payments and Privatbank

Copenhagen-based online broker Saxo Bank today announced a record profit of DKK 955.8 million (roughly $145 million) for 2018, which is a 138% increase to the 2017 profit figures. The Group reported an increase in client deposits to a record high of DKK 112.6 billion ($17m) while its operating income came in at DKK 2.8…

January 22, 2019 BY Valentina Kirilova

Saxo Bank hires Citigroup's Fan Xu as CEO of Greater China

Copenhagen based Retail FX broker Saxo Bank has informed the public that it has appointed Fan Xu as CEO of Greater China. Fan Xu will be based in Shanghai and will be reporting directly to founder and CEO, Kim Fournais. Fan Xu has over 20 years of experience in financial services and markets, working for companies…

December 17, 2018 BY Valentina Kirilova

Saxo Bank acquires Dutch online brokerage BinckBank

Copenhagen based Retail FX broker Saxo Bank has just announced that it has reached a conditional agreement with Dutch online brokerage BinckBank on a recommended all-cash public offer of EUR 6.35 (cum dividend) per issued and outstanding ordinary share and priority share of BinckBank representing a total consideration of EUR 424 million. The offer price…

February 23, 2018 BY LeapRate Staff

Saxo Bank revenues and profits slow during second half of 2017

Copenhagen based multi asset brokerage group Saxo Bank A/S has released its financial results for 2017, showing moderate growth and improved profitability over 2016, but also revealing that the company's business slowed considerably in the second half of the year. For the full year 2017, Revenues at Saxo Bank came in at DKK 3.03 billion…

October 02, 2017 BY LeapRate Staff

China's Geely and Finland's Sampo take control of Saxo Bank, buy out TPG Capital and SinarMas

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…

May 28, 2017 BY LeapRate Staff

Forex Industry Week Review: Binary options CEO ousted, Euronext-FastMatch and ThinkMarkets-Trade Interceptor, and lots more…

Mergers and Acquisitions activity led Forex Industry News this past week, on both the retail and institutional sides of the sector. The key deals - Euronext NV (EPA:ENX) buying FastMatch and ThinkMarkets acquiring Trade Interceptor - highlighted two of the key FX industry trends we've reported a lot on of late: consolidation, and the growing importance…

May 24, 2017 BY LeapRate Staff

Saxo Bank CEO Kim Fournais on new China investor Geely, an IPO, and lots more

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…

November 16, 2016 BY Valentina Kirilova

EFG Hermes signs partnership deal with Saxo Bank

The financial services corporation in the Arab World, EFG Hermes, has just signed a strategic partnership agreement with Copenhagen-based Multi Asset broker Saxo Bank. The move is said to be aimed at enabling full integration of Saxo Bank’s SaxoTraderGO platform with EFG Hermes’ new online trading platform, EFG Hermes One. The new platform will grant…

September 06, 2016 BY LeapRate Staff

Saxo Bank partners with Morningstar to offer value stocks portfolio via SaxoSelect

Putting an emphasis lately on its investment management business, retail forex broker Saxo Bank has announced that it collaborating with Morningstar Investment Management Europe Ltd, the EU arm of Chicago-based investment research giant Morningstar, Inc., to expand the range of investment strategies available to Saxo Bank clients. With the new collaboration, Saxo Bank will add a value-based investment…

Tag: Kim Fournais