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Executive Moves

Saxo Bank Splits Adam Reynolds’ Role after His Exit: Names Two Successors

  • Reynolds, who previously held the role of APAC and Singapore CEO at Saxo, stepped down recently.
  • Now, Damian Hitchen is appointed as Regional Head of APAC and MENA, and Mahesh Sethuraman as the Singapore CEO.
Tuesday, 12/11/2024 | 07:36 GMT by Arnab Shome
Brokers

Saxo UK Posts 7% Profit Gain as AUM Hits £2 Billion Mark

  • Saxo's UK arm added 4,000 clients and reported a net profit of £11.2 million.
  • The trading revenue, however, remained relatively stable at almost £28 million.
Wednesday, 16/10/2024 | 07:17 GMT by Damian Chmiel
Retail FX

Saxo Expands Offerings for “Buy-and-Hold Investors”: Launches SaxoInvestor in the UK

  • The new platform offers various instruments, including stocks, ETFs, bonds, and mutual funds.
  • It is offering low commissions and 0.25 percent FX fees.
Wednesday, 02/10/2024 | 08:07 GMT by Arnab Shome
Retail FX

Saxo Closes Hong Kong and Shanghai Offices, Focuses on Singapore

  • The firm cites “geopolitical changes” in Hong Kong as a key reason for the office closure.
  • The company posted a $4.3 million loss from its Hong Kong operations in 2023.
Monday, 30/09/2024 | 08:26 GMT by Tareq Sikder
Retail FX

Saxo Bank Reports 35% Profit Increase for H1 amid Restructuring

  • The bank’s total income increased to EUR 311 million, despite low market volatility.
  • Client assets hit EUR 109 billion, with over 1.2 million clients as of June 2024.
Thursday, 29/08/2024 | 11:27 GMT by Tareq Sikder
Retail FX

Saxo Bank Initiates Strategic Review Led by Major Shareholders

  • The firm manages assets exceeding DKK 800 billion from over 1.2 million clients.
  • Goldman Sachs has been enlisted to advise during the strategic review process.
Thursday, 18/07/2024 | 12:44 GMT by Tareq Sikder
Retail FX

Saxo Bank’s FX Trading Volume Hits Bottom Again in June: Daily Average Recovers

  • The monthly volume with FX was $78.1 billion, while the daily average was $3.9 billion.
  • The overall monthly trading volume on the platform declined by 4.2 percent.
Thursday, 04/07/2024 | 07:11 GMT by Arnab Shome
Retail FX

Q3 Stock Market Sentiment: Young Investors Are Bullish, but Veterans Remain Bearish

  • 59 percent of investors in the age group 18-35 years think that the market will move up.
  • On the other hand, 25 percent of investors in the 75+ years demographic think that the market will tumble.
Monday, 01/07/2024 | 04:38 GMT by Arnab Shome
Retail FX

Saxo Bank Initiates Asia Strategy Review, Seeks Partnerships

  • Saxo is exploring new partners for its operations in Australia, Japan and Hong Kong.
  • The company aims to leverage own technology while allowing partners to use their brands.
Monday, 17/06/2024 | 08:23 GMT by Damian Chmiel
Retail FX

Saxo Bank’s FX Volume in May Hits Bottom, Equities Demand Falls from the Peak

  • At $79.6 billion, the FX volume in May is the lowest since 2016.
  • Client assets on Saxo recently reached DKK 800 billion (about $116.1 billion).
Wednesday, 05/06/2024 | 06:23 GMT by Arnab Shome
Executives

Saxo Appoints Andrew Bresler as UK CEO

  • Bresler becomes Saxo UK's CEO on June 3, succeeding Simon Camilleri.
  • He brings experience from his previous roles at Saxo, Citibank, and InvestCloud.
Thursday, 30/05/2024 | 09:04 GMT by Tareq Sikder
Retail FX

Client Assets on Saxo Hit DKK 800 Billion

  • The brokerage added DKK 650 billion in client assets in the last six years.
  • It has more than 1.2 million clients globally.
Friday, 17/05/2024 | 08:23 GMT by Arnab Shome
Retail FX

Saxo's Ownership Change: Sampo Sells 19.8% Stake in the Brokerage

  • The sale came as a part of the demerger process of Sampo and Mandatum.
  • The two companies have set the price of the transaction to EUR 302 million.
Wednesday, 08/05/2024 | 08:56 GMT by Arnab Shome
Retail FX

Saxo Bank’s FX Volume Recovers in April, Equities Hit Record

  • FX demand recovered by 16.6 percent month-over-month but still remains low compared to other months.
  • Meanwhile, the equities volume reached $303.7 billion, a record on the platform.
Friday, 03/05/2024 | 07:20 GMT by Arnab Shome
Retail FX

Saxo Bank’s Co-Founder Invests in Crypto Trading Algo Firm

  • The investment was made through Lars Seier Christensen’s investment arm.
  • Christensen divested his stakes in Saxo in 2017.
Tuesday, 23/04/2024 | 05:51 GMT by Arnab Shome
Retail FX

FX Demand on Saxo Bank in March Hits Lowest since at Least 2016

  • The monthly volume of FX for March came in at $85.1 billion.
  • However, demand for equities picked up, with a month-over-month jump of 10 percent.
Thursday, 04/04/2024 | 06:26 GMT by Arnab Shome
Brokers

FX Demand on Saxo Bank Drops in February: Lowest in 2 Years

  • The forex volume for the month fell 15.4 percent month-over-month.
  • While the forex daily average dropped, the figure remained the same or increased for other asset classes.
Tuesday, 05/03/2024 | 09:14 GMT by Arnab Shome
Retail FX

Breaking: Saxo Bank’s 2023 Profit Dips 8.1% despite Revenue Rise

  • The broker closed the year with an operating income of DKK 4.48 billion.
  • It ended the year with 1.15 million traders.
Friday, 01/03/2024 | 07:26 GMT by Arnab Shome
Executives

Saxo Markets UK Faces Leadership Transition as CEO Charles White-Thomson Resigns

  • The resignation includes White-Thomson's departure from Saxo Capital Markets UK Ltd's Board of Directors.
  • White-Thomson has served as the CEO of Saxo Markets UK Since 2020.
Monday, 05/02/2024 | 16:10 GMT by Jared Kirui
Retail FX

Saxo Bank's January 2024 Forex Volume Dips to 5-Month Low

  • However, the overall client activity hits a new high with $375.5 billion.
  • Equity trading at Saxo surges to $219.78 billion, a significant increase from December.
Monday, 05/02/2024 | 08:54 GMT by Damian Chmiel
Retail FX

Saxo Partners with FairXchange for Liquidity Management with Data Analytics

  • FairXchange equips Saxo Bank with Horizon for enhanced liquidity management.
  • Since 1998, Saxo Bank has been offering professional tools and global market access to investors.
Tuesday, 16/01/2024 | 09:33 GMT by Tareq Sikder
Retail FX

Saxo Reveals Fee Cuts to Foster Accessibility in US and Australian Markets

  • The firm slashes brokerage fees, with a reduction of 87% for US markets and 62% for the ASX.
  • Global market traders will benefit from a two-thirds reduction in currency conversion fees.
Monday, 15/01/2024 | 09:49 GMT by Tareq Sikder
Retail FX

FX Volume on Saxo Pushes December’s Overall Figure Higher

  • Forex trading demand jumped 13.6 percent last month.
  • Demand for other asset classes offered by Saxo declined.
Thursday, 04/01/2024 | 07:25 GMT by Arnab Shome
Retail FX

Options to Funds: Saxo Unveils New Investment Spectrum for UK Retail Traders

  • The firm offers a selection of over 6,000 global funds from Baillie Gifford, BlackRock, Fidelity, Fundsmith, J.P. Morgan, and Vanguard.
  • With this feature, clients can consolidate their investment portfolio, incorporating ISAs and SIPPs.
Monday, 27/11/2023 | 10:55 GMT by Tareq Sikder
Retail FX

Trading Volume on Saxo Dips in September, FX Follows Trend

  • The FX trading volume on the platform came in at $106.1 billion.
  • Despite the overall drop, the average daily volume improved.
Tuesday, 24/10/2023 | 08:07 GMT by Arnab Shome
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