Tag: Geely Group

soren kyhl saxo bank
November 05, 2018 BY LeapRate Staff

Forex broker Saxo Bank promotes Soren Kyhl to Deputy CEO

Continuing to reshape its senior management team after control of the company passed to China's Geely Group, Copenhagen based Retail FX broker Saxo Bank has announced two changes to the Board of Management, involving two current executives at the company. The latest changes include: Board of Management member Søren Kyhl has been promoted to Deputy CEO…

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saxo bank fx volumes
October 05, 2018 BY LeapRate Staff

Saxo Bank September 2018 FX trading volumes hit multi-year lows

It looks like Saxo Bank's new ownership group has its work cut out. Continuing a very disturbing trend, trading volumes at Copenhagen based Retail FX broker Saxo Bank declined for the fourth consecutive month in September 2018, dropping to their lowest level since 2015. Saxo's all-important FX trading volumes - which account for more than…

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April 12, 2018 BY LeapRate Staff

Geely’s takeover of Saxo Bank gets Denmark FSA approval

Saxo Bank has announced that the Denmark financial regulator FSA has approved the transaction which will see China's Geely Group take control of the Copenhagen based online trading services provider. The transaction, first announced in October 2017, saw China’s Geely and Finland’s Sampo take control of Saxo Bank, buying out TPG Capital and SinarMas in…

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Saxo Bank Geely group London Taxi
May 05, 2017 BY LeapRate Staff

London Taxis and Forex: Geely Group buys 30% stake in Saxo Bank

Copenhagen based multi-asset broker Saxo Bank has announced that co-founder Lars Seier Christensen will be fully exiting from his ownership interest in the company, selling his 25.71% stake to Chinese conglomerate Geely Group. Certain minority shareholders are expected to exercise tag-along rights as part of the offer from Geely, which is expected to own about 30% of…

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