Saxo Surpasses DKK 800 Billion in Client Assets: A Testament to Global Growth and Trust

Saxo Surpasses DKK 800 Billion in Client Assets: A Testament to Global Growth and Trust

(IN BRIEF) Saxo celebrates a significant achievement, surpassing DKK 800 billion in client assets, marking a remarkable milestone in its 25-year journey. While rooted in Danish currency, this achievement is a testament to Saxo’s global expansion and the trust it has garnered from its over 1.2 million clients worldwide. With exponential growth over the past six years, Saxo’s platform continues to attract investors seeking a diverse range of investment opportunities. Founder and CEO, Kim Fournais, attributes this success to client trust, competitive pricing, and a robust product range that supports clients in achieving their financial goals. Furthermore, S&P Global Ratings’ recent upgrade of Saxo’s credit rating reflects its strengthened financial profile, positioning it as a prominent player in the financial industry.

(PRESS RELEASE) COPENHAGEN, 17-May-2024 — /EuropaWire/ — Saxo has reached another significant milestone, exceeding DKK 800 billion (USD 116.1 billion) in client assets. As an organisation with strong Danish roots, reaching this DKK 800 billion in client asset is a point of pride. The accomplishment is stemmed in Danish currency, yet the achievement is only made possible by Saxo’s global growth in its global client base, and the continued strong trust built with Saxo’s more than 1.2 million clients worldwide.

It took 25 years to reach DKK 150 billion, and now just over six years to quintuple this key metric. As highlighted in the latest annual report, Saxo continues to see growth in its number of clients, and this increase in client assets underscores that Saxo’s platform continues to deliver an investment experience that attracts and supports clients in reaching their own financial aspirations.

Kim Fournais, Founder and CEO, commented:

“We are grateful for the trust of our clients, which has made reaching this milestone a possibility. Lowering our prices at the start of the year attracted, and keeps attracting, many new clients and assets. Additionally, our broad product range and offerings allow clients to diversify their portfolios, mitigating risks associated with market volatility, which is a key theme for our growing client base.”

Last year, S&P Global Ratings upgraded the bank’s long-term credit rating to ‘A-‘, reflecting a strengthened financial profile and improved buffer capitals that are in line with the requirements for systemically important financial institutions (SIFIs).

About Saxo Bank

At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.

Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, Saxo has more than 2,500 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.

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Media Contact:

Lasse Lilholt
Global Head of Communications & PR
+45 3977 63 44

SOURCE: Saxo Bank


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