With its flexible online trading platforms and wide product portfolio, the Saxo Group has become a leader in online investing.
The Saxo Group realises the importance of transparency as it works to maintain its prominent market position. Relevant information and reports are available below to help investors stay informed about the organisation.
We encourage you to review these documents to gain an insight into Saxo's performance, philosophies and future goals.
Saxo Bank A/S is a privately owned company. The co-founders Kim Fournais and Lars Seier Christensen each own 25.71% of the Bank’s shares, while TPG Capital owns 29.26% of the shares. The remaining shares are held by minority shareholders including Gold Shine Investment with 9.9% ownership and a number of current and former employees of the Bank.
Geely Financials Denmark A/S, a subsidiary of Zhejiang Geely Holding Group Co., Ltd, have offered to buy 51.5 percent of the shares of Saxo Bank, while Sampo Group, a leading Nordic financial services group, offered to take up a stake of 19.9 percent of Saxo Bank with co-founder and CEO Kim Fournais’ stake of 25.71 percent remains unchanged. The transactions are pending regulatory approvals.
The following key figures and ratios provide an overview of Saxo Bank Group's financial performance.
|SAXO BANK GROUP|
|Profit before tax||418.2||(778.4)||564.8||247.4||152.0|
|Clients' collateral |
|Assets under Management|
|Total capital ratio||19.5%||20.7%||19.7%||16.2%||13.5%|
|Return on equity |
|Full-time-equivalent staff (end of year)||1,639||1,516||1,485||1,406||1,480|
Co-Founder & CEO of Saxo Bank
Kim Fournais is co-founder and CEO of Saxo Bank. He held various positions in the financial services sector, before establishing Saxo Bank with Lars Seier Christensen in 1992 under the name Midas. Fournais headed Midas alone until 1995, when Seier Christensen joined as co-CEO.
COO of Saxo Bank
Søren Kyhl is Chief Operating Officer (COO) and member of the Management Board with responsibility for daily operations and execution including overseeing the bank’s digital experience, marketing, data science and Saxo Privatbank.
Chief Financial & Risk Officer
Steen Blaafalk is Global Head of Finance and Risk Operations at Saxo Bank, and a member of the Board of Management. He is responsible for all legal, compliance, finance, risk management, and client and business intelligence within the Bank.
President and CEO of NIB, Nordic Investment Bank, joins the Board as Director.
Assif Hirji is founder of Inflekxion, LLC, and a former Partner at TPG Capital, a global private investment firm.
Jacob Polny is Principal at TPG Capital, a leading global private investment firm.
Thomas Plenborg is a Professor at the Department of Accounting and Auditing at the Copenhagen Business School.
Danny Oei is a high ranking officer at Sinar Mas Group in Shanghai, China.
Alternate Board Member
Karl Peterson is a Managing Partner at TPG Capital, and head of the firm’s European Office.
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In order to demonstrate commitment to increased transparency within the financial industry, the Saxo Group has taken the initiative to publicise on a monthly basis key figures related to its activity, namely retail assets under management as well as daily average and monthly trading volumes.
|Jan. 2018||Feb. 2018||Mar. 2018||Apr. 2018||May 2018||Jun. 2018|
|Commodities - Daily average||1.6||1.5||1.3||1.6|
|Commodities - Monthly volume||34.6||29.2||28.7||34.6|
|Equities - Daily average||3.7||6.2||5.0||3.9|
|Equities - Monthly volume||81.2||124.7||109.2||81.4|
|Fixed Income - Daily average||0.6||1.2||0.8||0.5|
|Fixed Income - Monthly volume||13.7||25.0||16.9||11.0|
|FX - Daily average||16.7||21.7||14.4||11.7|
|FX - Monthly volume||366.3||433.2||317.2||245.4|
|Total - Daily average||22.5||30.6||21.5||17.7|
|Total - Monthly volume||495.8||612.1||472.0||372.4|
|Jul. 2017||Aug. 2017||Sep. 2017||Oct. 2017||Nov. 2017||Dec. 2017|
|Commodities - Daily average||1.4||1.7||1.6||1.4||1.4||1.3|
|Commodities - Monthly volume||29.1||38.2||34.2||31.7||29.8||27.5|
|Equities - Daily average||2.4||2.5||2.4||2.3||3.1||2.6|
|Equities - Monthly volume||51.0||57.2||50.8||50.6||68.5||54.9|
|Fixed Income - Daily average||0.3||0.3||0.5||0.4||0.5||0.4|
|Fixed Income - Monthly volume||7.0||8.0||11.5||8.3||11.8||8.9|
|FX - Daily average||11.9||10.7||11.7||10.8||12.6||9.4|
|FX - Monthly volume||249.2||245.1||246.2||237.9||278.2||197.8|
|Total - Daily average||16.0||15.1||16.3||14.9||17.7||13.8|
|Total - Monthly volume||336.4||348.4||342.6||328.5||388.3||289.2|
|Jan. 2017||Feb. 2017||Mar. 2017||Apr. 2017||May 2017||Jun. 2017|
|Commodities - Daily average||1.1||1.3||1.3||1.3||1.4||1.4|
|Commodities - Monthly volume||24.4||25.3||31.0||25.1||33.2||30.5|
|Equities - Daily average||1.8||2.1||2.4||2.2||2.4||2.9|
|Equities - Monthly volume||40.5||42.8||55.3||44.4||54.3||64.2|
|Fixed Income - Daily average||0.5||0.6||0.7||0.4||0.4||0.4|
|Fixed Income - Monthly volume||9.9||12.2||15.2||8.1||8.7||9.7|
|FX - Daily average||13.4||11.8||12.0||10.3||10.2||11.0|
|FX - Monthly volume||295.2||235.9||275.2||206.5||235.0||241.6|
|Total - Daily average||16.8||15.8||16.4||14.2||14.4||15.7|
|Total - Monthly volume||370.0||316.1||376.7||284.1||331.1||346.0|
|Jul. 2016||Aug. 2016||Sep. 2016||Oct. 2016||Nov. 2016||Dec. 2016|
|Commodities - Daily average||1.1||1.0||1.1||1.2||1.5||1.1|
|Commodities - Monthly volume||24.0||22.8||24.4||25.5||33.1||23.8|
|Equities - Daily average||2.0||1.8||2.6||2.2||2.5||1.9|
|Equities - Monthly volume||41.3||41.4||57.4||46.1||54.8||42.0|
|Fixed Income - Daily average||0.4||0.4||0.4||0.4||0.6||0.4|
|Fixed Income - Monthly volume||8.0||9.2||9.4||9.0||14.0||8.7|
|FX - Daily average||11.2||8.1||10.3||10.9||13.5||10.1|
|FX - Monthly volume||235.6||187.4||225.6||229.2||298.0||222.2|
|Total - Daily average||14.7||11.3||14.4||14.8||18.2||13.5|
|Total - Monthly volume||308.9||260.8||316.8||309.8||400.0||296.8|
|Jan. 2016||Feb. 2016||Mar. 2016||Apr. 2016||May 2016||Jun. 2016|
|Commodities - Daily average||0.7||1.0||1.0||1.3||1.2||1.2|
|Commodities - Monthly volume||14.3||21.1||23.9||27.1||26.1||26.8|
|Equities - Daily average||3.8||3.2||2.3||2.4||2.3||2.6|
|Equities - Monthly volume||76.9||66.3||53.4||50.9||51.4||58.3|
|Fixed Income - Daily average||0.2||0.3||0.3||0.3||0.3||0.5|
|Fixed Income - Monthly volume||4.9||6.3||6.9||6.9||7.6||10.2|
|FX - Daily average||10.5||10.2||9.5||10.6||9.8||10.2|
|FX - Monthly volume||209.7||215.1||217.8||223.0||215.8||223.9|
|Total - Daily average||15.3||14.7||13.1||14.7||13.7||14.5|
|Total - Monthly volume||305.8||308.8||302.1||307.8||300.9||319.3|