Sasfin to acquire an indirect stake in Saxo Bank subsidiary

Sasfin to acquire an indirect stake in Saxo Bank subsidiary

JOHANNESBURG – Sasfin Holdings has entered into an agreement to acquire an indirect minority stake in Saxo Bank’s subsidiary, Saxo Capital Markets South Africa (SCMSA), for an undisclosed amount.

Sasfin to acquire an indirect stake in Saxo Bank subsidiary

Sasfin to acquire an indirect stake in Saxo Bank subsidiary JOHANNESBURG – Sasfin Holdings has entered into an agreement to acquire an indirect minority stake in Saxo Bank’s subsidiary, Saxo Capital Markets South Africa (SCMSA), for an undisclosed amount.

Saxo Bank Sells South African Subsidiary to Sasfin and

Commenting on the deal, the CEO of Sasfin, Michael Sassoon, said: “Sasfin has been working with Saxo Bank for many years. This deal further strengthens our association. Saxo Bank makes investing and trading globally accessible to the everyday investor through simple, cost-effective and user-friendly tools.

Saxo Bank Sells South African Operation to Sasfin – The

Sasfin has agreed to acquire an indirect minority stake in SCMSA from Saxo Bank. Sasfin’s management team, led by CEO Richard North, will take the majority stake of the business. Richard North, Head of Saxo Capital Markets South Africa, commented the milestone in areas of growth and distribution.

Sasfin : says reaches deal to acquire SCMSA from Saxo Bank

Saxo Bank, which has its headquarters in Copenhagen, is a multi-asset trading and investment specialist fintech bank, with clients in more than 170 countries. Sasfin , a diversified business and wealth banking group, works with various custodians and trading platforms to manage global investment portfolios for private and institutional investors, and will hold an indirect minority stake in SCMSA.

Sasfin says reaches deal to acquire SCMSA from Saxo Bank

JOHANNESBURG – Financial services company Sasfin said on Tuesday it had reached a deal to acquire, together with management, Saxo Capital Markets South Africa (SCMSA) from Denmark-based Saxo Bank

Sasfin acquires Saxo Capital Markets South Africa from

Saxo Bank, headquartered in Copenhagen, Denmark, is a leading multi-asset trading and investment specialist Fintech bank, with clients in more than 170 countries. Sasfin, a diversified business and wealth banking group, works with various global custodians and trading platforms to manage global investment portfolios for private and institutional investors, and will hold an indirect minority stake in SCMSA.

Saxo Bank exits South Africa FX market, selling to Sasfin

South Africa bank holding company Sasfin Holdings, Saxo Bank, and the management of Saxo Bank’s South Africa subsidiary Saxo Capital Markets South Africa (SCMSA) made a joint announcement that Sasfin and the management of SCMSA have agreed to acquire SCMSA from Saxo Bank, subject to the fulfilment of certain conditions precedent.

Sasfin to acquire minority stake in Saxo Capital Markets SA

Banking group, Sasfin will acquire a significant minority stake in Saxo Capital Markets SA (SCMSA), as part of a management buyout of the trading platform from Copenhagen-headquartered, Saxo Bank.

Sasfin and Saxo Bank to work together | Fin24

Johannesburg – Financial services group Sasfin is to acquire Saxo Capital Markets South Africa (SCMSA) from Saxo Bank. There will still be an ongoing collaboration between the two companies after the transaction is finalised. Saxo Bank is a multi-asset trading and investment specialist Fintech bank.

Sasfin buys stake in Saxo’s local FX business | Company News

The bank is teaming up with SCMSA’s local management team as Saxo scales back in South Africa. Sasfin has acquired a minority stake in Saxo Bank’s South African Capital Markets business (SCMSA) in a deal with the Danish bank’s local management team led by CEO Richard North.