J Safra Sarasin Takes Full Control of Saxo Bank

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 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.