Online platform for traders and investors Saxo Bank has retained Goldman Sachs as financial advisor to assist on a review of strategic opportunities.
Saxo says the objective to mandate Goldman Sachs to review opportunities is to provide the best possible foundation to continue its growth, serve clients and partners, and further develop its employees and company culture.
The trading and investment firm continues to execute on its strategic plan of becoming the preferred bank for investors, traders, and institutional partners in Europe, with a strong presence in MENA and Asia-Pacific, and has welcomed more than 130,000 new clients year to date.
Since Geely and Mandatum1 invested in 2018, Saxo has experienced substantial growth and achieved several significant milestones. It has more than 1.2 million clients with over DKK 800 billion in client assets.
This is an increase from fewer than 200,000 clients and a little more than DKK 110 billion in client assets just over five years ago.
Founded by CEO Kim Fournais in 1992, Saxo launched one of the first online trading platforms in Europe in 1998, providing professional-grade tools and easy access to global financial markets.
Saxo is a fintech specialist that operates a multi-asset trading and investment business. It is a wholly owned licensed subsidiary of the Copenhagen-based Saxo Bank, which holds more than US$100 billion in client assets, has over 1 million clients worldwide, and 30 years-plus of financial market experience.
S&P Global Ratings recently upgraded Saxo Bank’s credit rating to ‘A-‘, reflecting a strengthened financial profile and improved capital buffers in line with the requirements for systemically important financial institutions (SIFIs).
Write to Adam Orlando at Mining.com.au
Images: Saxo
