Swiss private banking heavyweight J. Safra Sarasin is moving to take full ownership of Saxo Bank, snapping up the remaining roughly 28.69% indirect stake in Saxo Holding AG from founder Kim Fournais. The deal gives the Safra group complete control over one of Europe’s most prominent online trading platforms.
The combined entity will oversee more than $460 billion in client assets.
From majority to full ownership
This acquisition isn’t exactly a surprise. J. Safra Sarasin already completed its purchase of approximately 71% of Saxo Holding back in March 2026, a deal that valued the Danish-founded trading platform at roughly €1.6 billion.
The remaining stake belonged to Fournais, who co-founded Saxo Bank and has been the driving force behind its evolution from a niche brokerage into a multi-asset trading platform. He will continue serving as Chairman of the Board of Directors at Saxo Bank, stepping back from the CEO role but maintaining a governance presence.
