Climateer Investing: ICYMI: "J. Safra Sarasin Group completes the acquisition of majority stake in Saxo Bank" (what will become of the Outrageous Predictions?)

Sunday, March 15, 2026

ICYMI: "J. Safra Sarasin Group completes the acquisition of majority stake in Saxo Bank" (what will become of the Outrageous Predictions?)

From Saxo Bank, March 1:

Founder Kim Fournais will step down as CEO to chair Board of Directors. Daniel Belfer, CEO of Bank J. Safra Sarasin, will be appointed CEO of Saxo Bank.

J. Safra Sarasin Group, a global leader in private banking and wealth management, has completed its acquisition of the majority stake in Saxo Bank, a prominent international FinTech bank serving investors, traders, and institutional partners. This transaction marks a significant milestone for both companies, enabling enhanced global potential and strategic growth.
The transaction has received all necessary approvals, including from the Swiss Financial Market Supervisory Authority (FINMA) and the Danish Financial Supervisory Authority (DFSA). The acquisition involves J. Safra Sarasin Group acquiring approximately 71% of Saxo Bank, previously held by Geely Financials Denmark A/S, Mandatum Group and other minority shareholders. Kim Fournais retains approximately 28% ownership of Saxo Bank. The transaction will enhance the global long-term potential of both J. Safra Sarasin Group and Saxo Bank, with combined client assets of over USD 460 billion.....

....MUCH MORE

Here's the ~~last~~ latest edition of Saxo Bank's Outrageous Predictions, December 12, 2025: