Saxo Bank offers some growth potential, some synergies, and the potential to cream off lots of cash.
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Saxo Bank was valued at $1.7bn in the deal, which will see it remain as a standalone business.
Saxo Bank actually saw a decline in net income from trading activity in 2024, with higher costs offsetting growth in topline revenues.
The Saxo Bank team discuss the best ways to trade forex in 2025.
Saxo Bank has been up for sale for several years, with this sale possibly an effort to make it more attractive to potential buyers.
Vincent Germyns has been CEO for the Saxo Bank Mid-European Hub since 2019, the same year the company acquired BinckBank.
Mahesh Sethuraman has also been made Singapore CEO at Saxo Bank. The changes come after Adam Reynolds left the firm two months ago.
Saxo Bank UK is shifting more and more to attracting clients via its investment products, rather than the OTC products it used to focus on.
Saxo Bank said that it will close its office in China in its latest half-year financials. The broker’s majority shareholder is Chinese car manufacturer Geely.
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