Bank J. Safra Sarasin has today announced an agreement to acquire the remaining stake held indirectly by Kim Fournais in Saxo Holding AG, representing approximately 28.69%, following Bank J. Safra Sarasin’s exercise of a call option in the shareholders agreement entered between the parties.

Kim Fournais will remain Chairman of the Board of Directors of Saxo Bank.

Upon completion of the transaction, Bank J. Safra Sarasin will own 100% of Saxo Holding AG and, indirectly, of Saxo Bank, reinforcing the Bank’s long-term ownership structure while ensuring continuity for clients, partners and employees.

Saxo Bank will continue to operate as a separate entity.

Kim Fournais will continue to contribute to Saxo Bank’s long-term success as Chairman of the Board of Directors.

Saxo Bank continues to deliver strong commercial momentum and expects to report the best half-year results in its history as of 30 June 2026, driven by continued growth in number of clients and assets under management.

Jacob J. Safra, Chairman of J. Safra Sarasin Group, said:

“Kim Fournais has built an exceptional business, and his entrepreneurial spirit and relentless commitment have made Saxo a global leader in digital investing. This milestone reflects our long-term perspective, and we are committed to preserving Saxo’s unique strengths while supporting its next phase of sustainable growth.”

Kim Fournais, Chairman and Founder of Saxo Bank, added:

“Today’s announcement is fully aligned with the vision agreed with J. Safra Sarasin, and represents the next natural step in Saxo’s evolution. Building Saxo over the past three decades has been the privilege of my professional life, and I look forward to continuing to support its strategic direction.”

Closing of the transaction is subject to standard regulatory approvals. The terms of the transaction remain confidential.

In March 2026, J. Safra Sarasin Group acquired approximately 71% of Saxo Bank, previously held by Geely Financials Denmark A/S, Mandatum Group and other minority shareholders.