Saxo Bank Announces Appointment of New Board Members Following Approval of TPG Capital

By Saxo Bank, PRNE
Tuesday, December 13, 2011

HELLERUP, Denmark, December 14, 2011 -

Saxo Bank, the online trading and investment specialist, is pleased to announce that TPG Capital, one of the world’s leading investment firms, has acquired 30% of the total issued share capital of Saxo Bank A/S.

The Danish Financial Supervisory Authority, other international supervisory authorities and the EU Commission have all approved a TPG Capital affiliate as a new qualifying shareholder in Saxo Bank A/S. The transaction has consequently been closed today and the change of ownership has been completed.

TPG Capital has acquired the 30% stake in Saxo Bank from existing investors, including General Atlantic, a global growth investor, and Banco Espirito Santo, a leading Portuguese bank, amongst others. General Atlantic and Banco Espirito Santo invested in Saxo Bank in 2005 and 2008, respectively. Banco Espirito Santo will continue to build its commercial cooperation with Saxo Bank.

As previously announced, the founders of Saxo Bank, Kim Fournais and Lars Seier Christensen, will retain majority ownership and continue in their roles as CEOs. Fournais Holding A/S and Lars Seier Christensen Holding A/S own 29.95% of the Bank each.

Following the new shareholder structure, the Board of Saxo Bank now includes Chairman Kurt K. Larsen, Dennis Malamatinas, Professor Thomas Plenborg as well as new members of the Board, Asiff S. Hirji, Partner at TPG Capital, Karl I. Peterson, Partner at TPG Capital, and Jacob Polny (alternate), Vice President at TPG Capital.

About TPG Capital:

TPG Capital is the global buyout group of TPG, a leading private investment firm founded in 1992, with $48 billion of assets under management and offices in Beijing, Chongqing, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, San Francisco, São Paulo, Shanghai, Singapore and Tokyo.  TPG Capital has deep global financial services expertise with investments that have included Bank Thai, BTPN, Fidelity National Information Services, Korea First Bank, LPL Financial Services, Shenzhen Development Bank, Shriram City Union Finance and Taishin Holdings, among others.  The Firm also has extensive technology experience with investments that have included Aptina, Hotwire, Intergraph, Lenovo, MEMC, Sabre Holdings, Seagate, SunGard, and Vertafore, among others. Please visit for more information.

About Saxo Bank:

Saxo Bank is a leading online trading and investment specialist. A fully licensed and regulated European bank, Saxo Bank enables private investors and institutional clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives via three specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader application are available in over 20 languages. Saxo Bank also offers professional portfolio and fund management. Saxo Asset Management accommodates high-net worth private clients and institutional investors and Saxo Privatbank provides banking services and advice to retail clients. The Saxo Bank Group is headquartered in Copenhagen with offices throughout Europe, Asia, Middle East, Latin America and Australia. For more information, please visit

PR contact:
Kasper Elbjorn
Head of Group Public Relations
Saxo Bank
Philip Heymans Allé 15
2900 Hellerup

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