The transaction follows J Safra Sarasin’s initial purchase of a majority stake in March of this year. While the financial terms remain confidential, the move reflects a broader trend of M&A activity across the European banking sector, which saw deal values surge to $73.5 billion in 2025. Despite the acquisition, Fournais will retain his position as chairman of the board of directors at Saxo Bank.
J Safra Sarasin Takes Full Control of Saxo Bank
Exercising a long-standing call option, Swiss private banking group J Safra Sarasin is moving to acquire the remaining 28.69 per cent stake in Saxo Holding AG held by Kim Fournais. The deal brings the Copenhagen-based investment firm under full ownership of the bank, marking a shift toward total consolidation.
J Safra Sarasin expects this integration to bolster its access to independent wealth managers and family offices, leveraging Saxo’s digital trading infrastructure. For its part, Saxo Bank anticipates record half-year results by June 30, 2026, fueled by rising client numbers and assets under management. The deal is currently pending standard regulatory approvals.
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