The Basel-based private bank J. Safra Sarasin has acquired Saxo Bank, a Danish firm specialising in online investment and trading, in its entirety. The group that controls the J. Safra Group is acquiring the approximately 29% stake still held by Kim Fournais, co-founder and chair of the board of directors of Saxo Bank. Once the transaction is complete, J. Safra Sarasin will hold 100% of the shares in Saxo Holding and, consequently, indirectly also those in Saxo Bank, the companies announced in a joint statement today. The transaction will strengthen the bank’s long-term shareholding structure, whilst ensuring continuity for clients, partners and employees. Backed by the strength of the J. Safra Sarasin Group, Saxo Bank – which will remain a separate entity, also operating in Switzerland – “will have all the resources necessary to accelerate its growth and development, further strengthening its position amongst the leading players in the online investment sector”, the statement reads.
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Swiss bank J. Safra Sarasin acquires Saxo Bank in its entirety
Published on July 6, 2026
Permanent link to this article: https://snbchf.com/2026/07/swiss-bank-safra-sarasin-acquires-saxo-bank-entirety/
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