Saxo Bank

One of the top retail securities brokers in Europe in terms of product offering is Saxo Bank A/S (Saxo), a licensed banking firm with a growing institutional franchise. The privately held company Saxo Bank is now a leader in online investing. With total assets of about DKK 90.5 million (about USD 14.6 million) at year-end 2022, more than doubled as in 2021, it is ranked as one of the largest banks in Denmark. Being founded in 1992 by Kim Fournais and Lars Seier Christensen, the bank's original focus was on trading currencies, but it has since expanded to include a wide range of financial products and services, including stocks, bonds, futures, options, and commodities.

In its early years, Saxo Bank operated as a brokerage firm, but in 2001 it obtained a banking license and began offering banking services to its clients. The bank has grown rapidly over the years and now has a presence in more than 30 countries worldwide, with offices in major financial centers such as London, Zurich, and Hong Kong. Relative to Danish and European commercial bank peers, Saxo remains concentrated given its business model, meaning concentration on securities brokerage.

Overall, Saxo Bank has become a major player in the global financial services industry, with a reputation for innovation, technology, and customer service. The bank's founders and management team remain closely involved in the business, and the bank is committed to maintaining its position as a leading provider of financial products and services.

Founded: 1992

Headquarters: Copenhagen, Denmark

Website: https://www.home.saxo/