just now
Jue 15, 2023 - Kim Fournais, Saxo Bank's Founder and CEO, has thanked the Bank's staff and clients today as it was announced that the Danish investment bank and online broker now has over 1 million clients. This milestone comes shortly after the news that its client assets globally crossed the USD 100 billion mark.
Fournnais said, “I would like to extend a big thank you to all our passionate and committed employees who are behind our award-winning platforms that every day do their best to ensure that our growing client base can trade and invest across markets and asset classes. Likewise, we are humbled by the immense trust that our 1 million clients and partners around the world have placed in us – thank you to all of you.
“We continue to see a positive trend with more people participating in the financial markets and putting their wealth to work using digital platforms like Saxo. This empowerment of investors has continued despite geopolitical uncertainties and high inflation levels, and we are proud to serve many of them across the world.
“When I founded Saxo Bank back in 1992 on a shoestring budget and with just one employee, I wanted to make global capital markets accessible for more people. And now where more people globally seek ways to make their money work harder for them, we are ready to support them. I’m confident that it won’t take another 30 years for Saxo Bank to welcome its next million clients."
In its statement to the Press today, Saxo stated that, “Unlike many other banks and brokers, Saxo Bank promptly passes on rate hikes to its clients, ensuring that they benefit from the increased interest rates automatically and immediately. This proactive approach empowers clients and partners to optimise their investment strategies while earning an attractive interest on uninvested cash, without any lock-ins or minimum holding periods. In turn, this enables Saxo Bank’s growing client base – in Europe, Asia Pacific, and MENA – to respond to emerging opportunities in the markets with agility and confidence.”
Saxo Bank is currently in the process of being appointed a Systemically Important Financial Institution (SIFI) later this year by the Danish Financial Supervisory Authority (FSA). The SIFI designation is given to financial institutions that are considered critically important to the functioning of the financial system.
