J. Safra Sarasin has finalised its acquisition of a majority stake in Saxo Bank, marking a major ownership change for the fintech trading platform.
J. Safra Sarasin Group has acquired approximately 71% stake in Saxo Bank from Geely Financials Denmark A/S, Mandatum Group and other minority shareholders, taking a majority stake in the international fintech bank. Saxo Bank founder Kim Fournais will retain around 28% ownership The transaction received approvals from regulators including the Swiss Financial Market Supervisory Authority (Finma) and the Danish Financial Supervisory Authority (DFSA). Following the deal, Saxo Bank founder Kim F