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Saxo has reached DKK 1 trillion in client assets, marking a tenfold increase since May 2017 when the bank held DKK 100 billion in client assets.
The milestone is linked to Saxo's expanding client base, which now exceeds 1.5 million clients investing through their Saxo accounts. The bank has experienced growth across both its direct client segment and its institutional business, which provides capital market access and solutions for institutional clients and their end-clients through banking-as-a-service (BaaS) solutions.
The figure follows Saxo's announcement of its strongest financial results in the company's 33-year history for 2024. The bank attributes the growth to its focus on platforms, products, and services, alongside competitive pricing across multiple markets.
Kim Fournais, CEO and founder of Saxo
Kim Fournais, CEO and founder of Saxo, said:
"This milestone is hard to fully grasp. If someone had told me when I founded Saxo, that 33 years later we would have almost 1.5 million clients worldwide trusting us with DKK 1 trillion in assets, I might not have believed it.
I'm happy to see the investment culture is thriving and to witness more people putting their savings to work, understanding the long-term advantages of investing both locally and globally and across different asset classes.
I'm so thankful and proud that so many clients and partners trust that we do our very best every day to give them a world-class offering of investment tools and products to enable them to achieve their financial goals and dreams."
The bank's institutional business leverages its BaaS infrastructure to serve institutional clients and their end-users, contributing to the overall asset growth alongside direct retail client expansion.
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