FX: Saxo expands further into asset management
Euromoney Limited, Registered in England & Wales, Company number 15236090
4 Bouverie Street, London, EC4Y 8AX
Copyright © Euromoney Limited 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Foreign Exchange

FX: Saxo expands further into asset management

This story was first published on theweeklyFiX, for more details please click here

Saxo Bank has purchased stakes in two specialist asset managers, taking the entire share capital of Capital Four Management and 51% of Global Evolution.

Capital Four’s expertise is in European corporate bonds, while Global Evolution focus is in emerging market fixed income and FX.

The acquisitions bring around DKK14 billion ($2.64 billion) of assets under management under Saxo Asset Management’s umbrella. "We regard Capital Four and Global Evolution as among the leading European asset managers in their own sectors. The companies are therefore eminently suited to our strategic purposes in asset management," says Bjarne Thorup, director of Saxo Bank’s asset management activities.

This story was first published on theweeklyFiX, for more details please click here
Gift this article