Danish investment bank Saxo Bank is conducting a strategic review to boost its growth in Asia. The bank aims to form new partnerships in the region, utilising its current offices in Australia, Japan, and Hong Kong.
Founded by CEO Kim Fournais in 1992, Saxo launched one of the first online trading platforms in Europe in 1998 and is on a mission to become the preferred bank for investors, traders and institutional partners in Europe, with a strong presence in MENA and APAC.
New partnerships in Asia will enable organisations to leverage Saxo’s multi-asset infrastructure and platforms while maintaining full customer control. Saxo Bank expects this strategy to enhance its commercial footprint and growth potential, benefiting both the bank and its employees in the region.
For Saxo it means maintaining a commercial footprint with large growth opportunities. New partnerships mean new opportunities and more potential for both new partners and Saxo and equally important, Saxo’s dedicated employees in the Australian, Japan and Hong Kong offices.
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).
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