Saxo Bank A/S, an online platform for investors, traders, and institutional partners, has decided to initiate a review of strategic opportunities for its Asia-Pacific presence. The review is undertaken to accelerate Saxo’s growth in the region.

Following conversations with potential partners, Saxo will be looking to create new partnerships with strong organisations in Asia where the current offices in Australia, Japan, and Hong Kong can form an integral part of the partnerships.

By forming partnerships with an outset in the existing offices, clients, and client assets, new partners can continue to leverage Saxo’s core strength of a scalable and multi-asset infrastructure. Partners can offer award winning platforms under their own brand and maintain full customer control.

Saxo stated:

“For Saxo it means maintaining a commercial footprint with large growth opportunities. New partnerships mean new opportunities and more potential for both new partners and Saxo and equally important, Saxo’s dedicated employees in the Australian, Japan and Hong Kong offices”.

In May 2024, Saxo Bank announced the merger of its Global Sales and Saxo Experience Office (SXO) into a single entity named Group Commercial.

FNG readers may recall a recent report by Reuters about Saxo inviting investment banks to pitch for a role in helping to sell the company.