Saxo Bank Puts Itself Up for Sale, Hires Goldman to Find Buyers

Saxo Bank A/S, the trading platform with $120 billion of client assets, has hired Goldman Sachs as financial adviser to help it find new owners.

Shareholders of the Danish bank will “initiate a review of strategic opportunities,” it said on Thursday. The primary aim is a direct sale of the bank and not a stock market listing, a spokesperson said by email.

The move comes after Saxo in late 2022 decided to shelve plans to go public, saying that timing was “not optimal.”

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Saxo is currently owned by China’s ...