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J. Safra Sarasin Group and Saxo Bank announce the signing of a strategic acquisition by J. Safra Sarasin of approximately 70% of Saxo Bank, previously held by Geely Financials Denmark A/S, a subsidiary of Zhejiang Geely Holding Group Co. Ltd, and Mandatum Group. This transaction highlights J. Safra Sarasin Group’s strategy of undertaking acquisitions in innovative and diversified financial businesses, and further enhances the Group’s successful growth and international footprint in financial services. Saxo Bank will continue to operate as a standalone entity, with its founder and CEO, Kim Fournais, continuing as CEO and retaining approximately 28% ownership, underscoring the stability and continuity of the Business, and reinforcing its long-term vision of creating value for all clients, partners and employees. This acquisition is in line with J. Safra Sarasin Group’s dedication to building its platform of long-term value creation for its clients. Saxo Bank’s proven expertise in digital investments and trading platforms perfectly complements J. Safra Sarasin’s heritage of bespoke wealth and asset management solutions. J. Safra Sarasin and Saxo Bank are united by shared values of excellence, stability, and client centricity. J. Safra Sarasin plans to integrate Saxo’s technology platform, establishing a new frontier in wealth management and setting a benchmark for innovation and client experience in the industry. For Saxo Bank, joining J. Safra Sarasin Group represents an exceptional opportunity to strengthen its foundation for continued future growth, delivering award-winning platforms and innovative products to its clients and partners. J. Safra Sarasin Group’s financial stability, global presence, and expertise in sustainability positions Saxo Bank to expand its offering and accelerate its mission to deliver cutting-edge platforms and services to clients and partners, while continuing to pioneer new standards for client experience in online investments and trading. With the support of J. Safra Sarasin, Saxo will also strengthen its trusted long-term BaaS partnerships with banks, corporates, family offices, asset managers, and independent wealth managers within its institutional client segment. Don’t forget to follow us on our social media channels! www.facebook.com/saxobank www.instagram.com/saxobank / saxo-bank