The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
FOREIGN EXCHANGE

Saxo opens in Japan

As Lars Seier Christensen, joint chief executive of Saxo, is fond of telling me, I’m slipping up. In the past, I have frequently called him to ask about some deal I’ve heard about through the grapevine. But recently, Saxo has announced initiative after initiative of which I have had no inkling.

This week, it’s the opening of a Tokyo office. As Saxo points out, the Japanese retail market is both large and it is growing, so it is no surprise that the bank is trying to boost its presence there. The centre already accounts for around 80% of the flow Saxo sees in Asia.

The office will be headed by Wataru Kojima, whose role will encompass the establishment and development of Saxo Bank Japan. Saxo currently has 11 white-label partners in Japan, and it says these will benefit from an improved level of support.

I have to say, I am a bit peeved to have missed so many stories. So I tried to second guess Saxo’s next move. “When will you buy a US bucket shop? Plenty going cheap,” I asked Christensen.

“You know of any decent US brokers for sale? And, Lee, really.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree