"It creates new opportunities for expansion and further increases our competitive edge." Kim Fournais welcomed the deal, stating that for Saxo, it "marks an inflection point." "Saxo proudly welcomes J. Safra Sarasin as new majority shareholder," he said. " The win-win opportunities which our business models will create are unique, extending to our employees, clients, and partners. " Safra Sarasin plans to integrate Saxo Bank's technology platform to enhance its digital wealth management capabilities. The acquisition is expected to accelerate Saxo Bank's global expansion while reinforcing its existing partnerships with institutional clients. Both companies see the transaction as a long-term strategic step, leveraging complementary strengths to enhance client offerings and drive innovation in financial services.