Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Saxo
Summary: We are pleased to announce that Bank J. Safra Sarasin AG is set to become a major shareholder in Saxo Bank A/S, 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. Your Saxo account continues to be held and contracted with Saxo Capital Markets Pte. Ltd., which remains a wholly owned subsidiary of Saxo Bank with no changes to its shareholding.
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This strategic partnership is a testament to Saxo Bank Group’s commitment to delivering exceptional service and innovative solutions to all our clients worldwide. Saxo Markets, as part of the Saxo Bank Group, will continue to ensure that you receive the same high-quality service and access to our award-winning platforms and products.
With the combined strengths of Saxo Bank Group and Safra Sarasin, we aim to enhance our offerings and set new benchmarks for client experience and innovation in the financial industry. Our focus remains on providing you with the best platforms, products, and services to meet your investment and trading needs. Thank you 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.