Just months after completing its majority acquisition of Saxo Holding, Bank J. Safra Sarasin has moved to acquire the remaining stake held by founder Kim Fournais, making it the sole shareholder of the group.
Saxo founder Kim Fournais is selling his stake. (Image: zVg)
Monday, 6 July 2026 13:21
The acquisition, first announced in spring 2025, marked a major milestone for the Swiss private bank. Regulatory approvals took around a year to obtain before the transaction was completed in March. At the time, Kim Fournais retained his 28 percent stake, stepped down as CEO and became Chairman of the Board.
According to a statement released on Monday, J. Safra Sarasin will now also acquire Fournais' indirectly held stake. Kim Fournais will remain Chairman of Saxo Bank.
