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saxo bank News

J. Safra Sarasin Completes Acquisition of Majority Stake in Saxo Bank
Private banking group J. Safra Sarasin has finalized its acquisition of a 71% stake in Danish online broker Saxo Bank.
Mar 02, 2026
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SFC Fines Saxo Capital Markets HK $4 Million for Misleading Virtual Asset Trading
Saxo Capital Markets HK fined $4M by SFC for offering unlicensed virtual asset and crypto products to retail clients without proper risk checks.
Jan 07, 2026
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Saxo Australia Announces Rebrand to Totality
Effective August 11, Saxo Australia will rebrand as Totality, following the acquisition of a majority stake by South African financial services firm Direct Market Access.
Jul 01, 2025
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Saxo Bank Sells Majority Stake in Saxo Australia to DMA
Saxo Bank has taken another big step in reshaping its global business by selling an 80.1% stake in its Australian division to South African financial firm DMA.
Feb 11, 2025
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Saxo Bank Names Damian Hitchen as APAC and MENA Regional Head, Mahesh Sethuraman as Singapore CEO
These appointments follow the departure of Adam Reynolds, who steps down as APAC and Singapore CEO after a decade of service at Saxo.
Nov 13, 2024
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Saxo Bank UK Reports £2 Billion AUM and £11.2 Million Net Profit in 2023
The company's number of clients increased by 4,000 to 127,000 in 2023.
Oct 16, 2024
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Saxo Bank Reports Positive Financial Results for H1 2024: Adjusted Net Profit Up 35%
The bank's total income increased slightly by 3.27% to $347 million in the first half of 2024.
Aug 30, 2024
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Saxo Bank FX Volume Continues to Fall in June While ADV Recovers
Saxo Bank's FX trading volume for June was $78.1 billion, and FX ADV was $3.9 billion.
Jul 04, 2024
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Saxo Bank Conducts Review of Strategic Opportunities for APAC Presence
Saxo will look to establish new partnerships with strong organizations in Asia.
Jun 18, 2024
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Saxo Bank Reports a 20% Decline in Trading Volumes and Multi-Year Low FX Volume for May 2024
Saxo Bank’s FX trading volume in May was $79.6 billion, down 19.8% MoM and down 39.0% YoY.
Jun 05, 2024
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Saxo Bank Promotes Casper Andreas Solbakken to Global Head of Commercial Offering & Experience
Solbakken has been with the online trading and investment giant for over 18 years in a variety of roles. 
May 23, 2024
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Saxo Bank's Client Assets Exceed DKK 800 billion
This marks another important milestone for the bank.
May 20, 2024
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