Fact Box: Saxo Bank

Saxo Bank enters Indian market

  • Saxo Bank has announced its entry into the Indian market to provide trading platform for foreign equities.

About Saxo Bank:

imageAn Online Danish investment bank.
Founded:    1992
Headquarters:    Copenhagen, Denmark

Chairman:

      Kurt K. Larsen, Chairman

Vice Chairman:

      Dennis Malamatinas

CEO:

    Kim Fournais

Founder members: Lars Seier Christensen, Kim Fournais and Marc Hauschildt.

  • 1992: Saxo was originally founded as a brokerage firm under the name ‘Midas Fondsmæglerselskab’.
  • 2001: The company obtained a banking license and its name was later changed to “Saxo”.

Services offered:

  • Trading via an online platform SaxoTrader in Forex, Stocks, CFDs, Futures, Funds and Bonds.
  • Private Wealth Management services.
  • The bank provides online trading and investment across global financial markets.
  • Saxo Bank is well known internationally for its success in Internet brokerage and it has bagged number of awards for the same.

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Categories: Banking Current Affairs 2017Business & Economy Current Affairs 2017

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