Saxo Bank Conducts Review of Strategic Opportunities for APAC Presence

Copenhagen-based leading online trading platform Saxo Bank announced its decision to initiate a review of strategic opportunities. The review is undertaken to expand Saxo’s Asia-Pacific presence and accelerate the Danish bank’s growth in the region.

Following discussions with potential partners, Saxo will look to establish new partnerships with strong organizations in Asia, with its existing offices in Australia, Japan, and Hong Kong becoming an integral part of the partnerships.

By building partnerships with an outset in the existing offices, clients, and client assets, new partners can continue to leverage Saxo's core strength of a scalable and multi-asset infrastructure. Partners can offer the bank's trading platforms under their own brands and maintain full control over their clients.

“For Saxo it means maintaining a commercial footprint with large growth opportunities. New partnerships mean new opportunities and more potential for both new partners and Saxo and equally important, Saxo’s dedicated employees in the Australian, Japan and Hong Kong offices,” stated Saxo Bank.

Last month, Saxo Bank announced the appointment of Andrew Bresler as CEO of Saxo UK. Prior to this, Saxo Bank promoted Casper Andreas Solbakken to Global Head of Commercial Offering Experience.

Also in May, Saxo Bank reorganized its business by merging its Global Sales and SXO into a new entity called Group Commercial.