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Multi-asset trading and investment solutions provider Saxo Bank has reported an adjusted net profit of EUR 120 million for 2025, alongside record client numbers and assets, as the bank completes a change of majority ownership, welcoming Daniel Belfer as its new Chief Executive Officer.
The Copenhagen-headquartered bank ended 2025 with:
• Total income: EUR 664 million (2024: EUR 626 million)
• Net profit: EUR 72 million (2024: EUR 135 million)
• Adjusted net profit: EUR 120 million (2024: EUR 144 million)
• Total equity: EUR 837 million (2024: EUR 839 million)
• Total client assets: EUR 133 billion (2024: EUR 114 billion)
• Total number of clients: 1,523,000 (2024: 1,286,000)
• Capital ratio: 25% (2024: 29%)
The J. Safra Sarasin Group agreed to acquire a majority stake in Saxo Bank from its previous shareholders during 2025, with the transaction completing on 2 March 2026. Daniel Belfer was appointed as the bank's new Chief Executive Officer upon completion, while Founder Kim Fournais assumed the role of Chairman of the Board of Directors.
Saxo Bank is a fully licensed systemically important financial institution (SIFI) bank regulated by the Danish FSA, holding broker and banking licences across multiple jurisdictions. Its open banking technology powers more than 150 financial institutional partners on a business-to-business-to-consumer basis, and the bank employs more than 2,400 professionals across offices including London, Singapore, Amsterdam, Zurich, Dubai and Tokyo.
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