Bank J. Safra Sarasin has announced an agreement to acquire the remaining stake in Saxo Holding AG, equivalent to 28.69%, through the execution of a call option. With this operation, the financial institution takes over 100% of the capital, while Kim Fournais will remain at the helm of Saxo Bank’s board of directors. Upon completion of the transaction, Bank J. Safra Sarasin will own 100% of Saxo Holding AG and, indirectly, Saxo Bank, reinforcing the bank’s long-term ownership structure while ensuring continuity for clients, partners, and employees.
Backed by the strength of J. Safra Sarasin Group, Saxo Bank will have all the necessary resources to accelerate its growth and development, further consolidating its position as one of the leading players in online investing. Saxo Bank will continue to operate as an independent entity. Kim Fournais will continue to contribute to Saxo Bank’s long-term success as chairman of the board of directors. Saxo Bank maintains strong commercial momentum and expects to present the best half-year results in its history as of June 30, 2026, driven by continued growth in the number of clients and assets under management.
Jacob J. Safra, Chairman of J. Safra Sarasin Group, noted: “Kim Fournais has built an exceptional business, and his entrepreneurial spirit and unwavering commitment have made Saxo a global leader in digital investing. This milestone reflects our long-term vision, and we are committed to preserving Saxo’s unique strengths while supporting its next phase of sustainable growth.”
“Today’s announcement is fully aligned with the vision agreed upon with J. Safra Sarasin and represents the natural next 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,” added Kim Fournais, Chairman and Founder of Saxo Bank. The closing of the transaction is subject to customary regulatory approvals. The financial terms of the operation remain confidential.
