Saxo Bank A/S, an online platform for investors, traders and institutional partners, has decided to launch a review of strategic opportunities for its presence in Asia Pacific. The overhaul is being carried out to accelerate Saxo’s growth in the region.
Following discussions with potential partners, Saxo will seek to establish new partnerships with strong organizations in Asia, where the current offices in Australia, Japan and Hong Kong can form an integral part of the partnerships.
By building partnerships with authority across existing offices, clients and client assets, new partners can continue to leverage Saxo’s core strength for a scalable and multi-asset infrastructure. Partners can offer award-winning platforms under their own brand and retain full customer control.
Saxo stated:
“For Saxo it means maintaining a commercial footprint with great growth opportunities. New partnerships mean new opportunities and more possibilities for both new partners and Saxo and equally important, dedicated Saxo employees in the Australia, Japan and Hong Kong offices.”
In May 2024, Saxo Bank announced the merger of Global Sales and Saxo Experience Office (SXO) into a single entity called Group Commercial.
FNG readers may recall a recent Reuters report about Saxo soliciting investment banks to take a role in selling the company.