Saxo Bank A/S - Company Profile
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Saxo Bank A/S (Saxo Bank), a subsidiary of Geely Financials Denmark AS, is an investment banking company. The company provides online trading, brokerage, investing, and other financial services. Saxo Bank offers foreign exchange (FX), contract for differences (CFDs), exchange-traded funds (ETFs), mutual funds, government bonds, crypto FX, stocks, futures including contract futures and OTC futures, options, and other derivatives through its online trading platforms. In addition, it also offers professional portfolios, pricing overviews, investment portfolios, trading strategies, marginal information and asset management services. The company serves professional traders, fund managers, investors, and institutions. It operates in Europe, Asia-Pacific, and the Middle East. Saxo Bank is headquartered in Copenhagen, Denmark.
Headquarters
Denmark
Address
Philip Heymans Alle 15, Copenhagen, 2900
Website
www.home.saxo/about-us
Telephone
45 39 774000
No of Employees
2,515
Industry
Financial Services
Revenue (2022)
$697.0M
Saxo Bank A/S premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Forex | Online Trading |
| Foreign Exchange Option | Investing Services |
| Contract for Differences (CFDs) | Asset Management |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, the company entered into an agreement with Christie's Auction House to raise awareness for Saxo’s clients on the other unique avenues they could explore when looking to diversify their investment portfolios. |
| 2023 | Asset Disposal | In June, the company has announced the divesture of stake in Saxo Geely Tech Holding A/S (Saxo Fintech) to Geely Group for a consideration equivalent to approximately 2% of the outstanding Saxo Bank shares. |
| 2023 | Regulatory Approval | In June, the company was designated as Systemically Important Financial Institution (SIFI) by the Danish Financial Supervisory Authority (FSA). |
Competitor Comparison
| Key Parameters | Saxo Bank A/S | Danske Bank AS | Jyske Bank A/S | Sydbank AS | Nordjyske Bank A/S |
|---|---|---|---|---|---|
| Headquarters | Denmark | Denmark | Denmark | Denmark | Denmark |
| City | Copenhagen | Koebenhavn K | Silkeborg | Aabenraa | Noerresundby |
| No. of Employees | 2,515 | 20,021 | 3,956 | 2,029 | 421 |
| Entity Type | Private | Public | Public | Public | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kari Stadigh | Chairman | Executive Board | 2021 | 68 |
| Henrik Normann | Vice Chairman | Executive Board | 2018 | 70 |
| Kim Fournais | Chief Executive Officer; Founder | Senior Management | - | 57 |
| Mads Dorf Petersen | Chief Financial Officer | Senior Management | 2022 | - |
| Soren Kyhl | Chief Operating Officer; Deputy Chief Executive Officer | Senior Management | - | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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