J. Safra Sarasin Group to acquire remaining stake in Saxo Bank, with Kim Fournais remaining Chairman of the Board of Directors

Bank J. Safra Sarasin has today announced an agreement to acquire the remaining stake held indirectly by Kim Fournais in Saxo Holding AG, representing approximately 28.69%, following Bank J. Safra Sarasin’s exercise of a call option in the shareholders agreement entered between the parties. Kim Fournais will remain Chairman of the Board of Directors of Saxo Bank.

Upon completion of the transaction, Bank J. Safra Sarasin will own 100% of Saxo Holding AG and, indirectly, of Saxo Bank, reinforcing the Bank's long-term ownership structure while ensuring continuity for clients, partners and employees. Backed by the strength of the J. Safra Sarasin Group, Saxo Bank will have all the resources needed to accelerate its growth and development, further strengthening its position among one of the leading players in online investing. Saxo Bank will continue to operate as a separate entity.

Kim Fournais will continue to contribute to Saxo Bank’s long-term success as Chairman of the Board of Directors.

Saxo Bank continues to deliver strong commercial momentum and expects to report the best half-year results in its history as of 30 June 2026, driven by continued growth in number of clients and assets under management.

Jacob J. Safra, Chairman of J. Safra Sarasin Group, said:

"Kim Fournais has built an exceptional business, and his entrepreneurial spirit and relentless commitment have made Saxo a global leader in digital investing. This milestone reflects our long-term perspective, and we are committed to preserving Saxo's unique strengths while supporting its next phase of sustainable growth."

Kim Fournais, Chairman and Founder of Saxo Bank, added:

"Today's announcement is fully aligned with the vision agreed with J. Safra Sarasin, and represents the next natural step in Saxo's evolution. Building Saxo over the past three decades has been the privilege of my professional life, and I look forward to continuing to support its strategic direction."

Closing of the transaction is subject to standard regulatory approvals. The terms of the transaction remain confidential.

T: +45 60 82 66 96 | e-mail: press@saxobank.com

J. Safra Sarasin Group – Sustainable Swiss Private Banking since 1841
As an international group committed to sustainability, J. Safra Sarasin is well established through its banks in more than 35 locations in Europe, Asia, the Middle East, Latin America and the Caribbean. A global symbol of private banking and wealth management tradition, the group emphasizes security and well-managed conservative growth for its clients. It manages total client assets of over USD 460 billion and employs about 5,000 staff, with stockholders’ equity of USD 7.1 billion.

J. Safra Group
The J. Safra Group (the “Group”), with total assets under management of USD 590 billion, consists of privately-owned banks and investment holdings in asset-based business sectors such as real estate and agribusiness. The Group’s banking interests in more than 230 locations globally, are: J. Safra Sarasin, headquartered in Basel, Switzerland; Banco Safra, headquartered in Sao Paulo, Brazil; and Safra National Bank of New York, headquartered in New York City, USA; all independent from one another from a consolidated supervision standpoint. The Group’s real estate holdings consist of more than 200 premier commercial, residential, retail and farmland properties worldwide, such as New York City’s 660 Madison Avenue and London’s iconic Gherkin Building. Its investments in other sectors include, among others, agribusiness holdings in Brazil and Chiquita Brands International Inc. With deep relationships in markets worldwide, the Group is able to greatly enhance the value of businesses which are part of it. There are more than 32,000 employees associated with the J. Safra Group.

About Saxo Bank
At Saxo Bank 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 FinTech for investors, traders, and Institutional (BaaS) partners who are serious about making more of their money. As a well-capitalised and profitable FinTech, Saxo is a fully licensed SIFI bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the first fintechs in the world, Saxo continues to invest heavily into technology to ensure that Saxo’s clients and partners enjoy unparalleled client experience, broad access to global capital markets across asset classes on our industry-leading platforms. Saxo’s open banking technology (BaaS) powers more than 150 financial institutional partners, boosting the investment experience and the tools offered to end clients (B2B2C). Headquartered in Copenhagen and serving more than 1.7 million clients and over 400 partners in total, Saxo Bank has recently reached new highs with client assets of more than DKK one trillion and is close to breaking through the DKK 5 billion mark for revenue. Saxo Bank employs more than 2,400 professionals in financial centers around the world including London, Singapore, Amsterdam, Zurich, Dubai, and Tokyo.

Legal notice
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