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J. Safra Sarasin Group

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J. Safra Sarasin Group, a Global Leader in Private Banking and Wealth Management, to Acquire a Majority Stake in Saxo Bank, a Leading International FinTech Bank for Investors, Traders, and Institutional (BaaS) partners

J. Safra Sarasin Group and Saxo Bank announce today the signing of a strategic acquisitionby J. Safra Sarasin of approximately 70% of Saxo Bank, previously held by Geely FinancialsDenmark A/S, a subsidiary of Zhejiang Geely Holding Group Co. Ltd, and Mandatum Group.This transaction highlights