Safra Group closes Saxo Bank takeover, Daniel Belfer named CEO
Saxo Bank founder Kim Fournais will step down as CEO to chair the Board of Directors, as Safra executive Daniel Belfer named CEO.
J. Safra Sarasin Group
Saxo Bank valuation in sale to Safra: $1.74 billion
Geely Group will be receiving €802 million ($867 million) for its 49.88% stake in Saxo Bank.
Safra Group unit acquires 70% of Saxo Bank
Saxo Bank co-founder and current CEO Kim Fournais is not party to the sale, and will retain his approximate 28% ownership in the company.
