Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Macro Strategy
Saxo
Summary: We are pleased to announce that Bank J. Safra Sarasin AG is set to become a major shareholder in Saxo Bank, acquiring a 70% stake by purchasing shares from Geely Financials Denmark A/S, a subsidiary of Zhejiang Geely Holding Group Co. Ltd and Mandatum Group.
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This strategic partnership underscores our commitment to providing exceptional service and innovative solutions to our clients and partners worldwide. With Kim Fournais continuing as CEO and maintaining his significant stake, Saxo Bank will remain an independent entity, ensuring stability and continuity for all our stakeholders, employees, partners, and clients.
By combining the strengths of Saxo and Safra, we aim to enhance our offerings and set new benchmarks for client experience and innovation in the financial industry. Thanks to Geely and Mandatum for the support throughout the past seven years, and thank you to all our clients and partners for your continued trust and support.
For more details, please find the press release on our website.