SINGAPORE, Dec. 15, 2011 /PRNewswire-Asia/ -- Saxo Bank, the online
trading and investment specialist, is pleased to announce that TPG
Capital, one of the world's leading investment firms, has today
acquired 30% of the total issued share capital of Saxo Bank
A/S.
(Logo: http://www.prnasia.com/sa/2010/01/18/20100118801199.jpg )
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.
Disclaimer:
Saxo Capital Markets Pte. Ltd. ("Saxo Capital
Markets") is licensed as a Capital Market Services provider and an
Exempt Financial Advisor, and is supervised by the Monetary
Authority of Singapore.
You should carefully consider whether trading in
leveraged products is appropriate for you in the light of your
financial circumstances. You should be aware that dealing in
products that are highly leveraged carry significantly greater risk
than non-geared investments such as share trading. As such, you
could both gain and lose large amounts of money. You may sustain
losses in excess of the moneys you initially deposit and also in
excess of the margin required to establish and maintain any
positions in leveraged products.
For further information, please see:
http://sg.saxomarkets.com/about-us/general-disclaimer
About Saxo Capital Markets
Saxo Capital Markets Pte Ltd is a wholly-owned
subsidiary of Saxo Bank A/S, the Copenhagen-headquartered online
trading and investment specialist. It serves as the Asia Pacific
headquarters and holds a Capital Markets Services license from the
Monetary Authority of Singapore. Saxo Capital Markets also holds a
Commodity Broker licence from The International Enterprise
Singapore.
Clients can trade Forex, CFDs, Stocks, Futures,
Options and other derivatives via SaxoWebTrader and SaxoTrader, its
leading multi-asset online trading
platforms.
SaxoTrader is available directly through Saxo
Capital Markets or through one of its institutional clients. White
labelling is a significant business area for Saxo Capital Markets,
and involves customising and branding of its online trading
platform for other financial institutions and
brokers.
About TPG Capital
TPG Capital is the global buyout group of TPG, a
leading private investment firm founded in 1992, with US$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, Sao 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 www.tpg.com for
more information.
Media contacts:
Saxo Capital Markets Pte Ltd
Elaine Xu / Mychelle Chen
+65-6303-7718 / +65-6303-7712
[email protected] /
[email protected]
SOURCE Saxo Capital Markets Pte Ltd