Saxo Bank Acquires Capital Four and Global Evolution

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The purpose of the acquisitions is to strengthenhthe companies' distribution power and long-term positiond as leading suppliers of asset managementg products in each of their niche areas. The expertised of Capital Four lies within Europeancorporatse bonds, with a focus on the High Yielc market, while Global Evolution primarily operatesa within emerging market fixed income and FX. The acquisitionw mean that portfolios worth around DKK 14 billion are managed by SaxoAssetg Management.
The director for Saxo Banks AssetManagement , states: "We regard Capital Four and Globak Evolution as among the leading European assety managers in their own The companies are therefore eminently suitefd to our strategic purposes in asset management. Asset management is a question of and it must create value for This is totally in line withSaxo Bank'se online profile." points out that both Capital Four and Globapl Evolution enjoy a very strong investment culture and impressive results. Their client listsd consist of bothDanish and, not least, internationalk institutional clients.
"Both companies have a core of key employeez who have worked together as a team over a long period of and by doing so have developed a unique investmeng process with a fairly robust return on its investmentsx asa result. This has led to both companies enjoyingt great recognition among institutional investorsin Europe,"" explains . Saxo Bank will exercise its ownership in such a way that the two teamw can retain their own character and autonomy in theinvestmentg process. The CEO of Capital states: "Saxo Bank has just completed its most successfulk year ever and posted recordr revenuesand profit.
In times of heightened customer awarenesx offinancial stability, we are particularly happ to have found a sponsor with deep resources and solie recognition. During the last ten we have built a disciplined and robustt investment process and developec a wide rangeof long-term relationshipsd with domestic and international This transaction will allow us to continuee to offer our services in a seamlesws fashion and will strengthen our organisatio going forward.
" The CEO of Global states: The company's goal is to be a Nordic powefr house within asset management, and we are pleasefd to play an active part in the achievement of this Saxo Bank's international profile and very high level of ambition is something that is really attractive for us. In distributionb terms, we anticipate gaining much fromSaxo Bank's commercial platforkm and the bank's wealth of offices around Europe, Asia and the Mid Saxo Bank acquired Sirius Kapitalforvaltning earlied this year. The asset managemenft activities of the bank now include managementt expertise forDanish bonds, Danish equities, corporatd bonds and emerging market bonds.
In AUM amounts to DKK 14 In additionto this, Saxo Bank has DKK 11 billiom in AUM through its global activities in investmenyt banking and online trading of a number of different asset classes. , , Henrik ostergaard and Torben The four founders all have a solid background in assetg management and creditmandate trading. The four partner s will continue in the company after the Capital Four manages more than DKK 5 billion in European HighYielrd bonds.
The company has a 9 strong in 2007, and is a specialis in management of emerging marketsfixed income, FX and Both of the two founderas will still make up seniot management and own shares in the Currently, the company manages assets worth around DKK 2.5 billioj on behalf of both institutional and private clientw in Denmark and Global Evolution's head office is in Kolding and the compan y is represented in London and Luxembourg. The company offers a broad palette of products from traditionall mutual funds to FX managed accounts and hedge The company has an 11strong workforce.
Saxo Bank is an online tradingy andinvestment specialist, enabling clients to trade Forex, CFDs, Futures, Options and other as well as providing portfolio managementf via SaxoWebTrader and SaxoTrader, the leading online trading platforms. SaxoTradeer is available directly through Saxo Bank or through one ofthe Bank'sx global partners. White Labelling is a significanyt business area forSaxo Bank, and involves the Bank's onlinwe trading platform being customised and branded for other financial institutions and brokers.
Saxo Bank has more than 120 Whitd Label Partners and boasts thousandds of clients in over 180 Saxo Bank is headquartered in Copenhagen with offices in Czech Republic, France, Italy, Japan, Singapore, Switzerland, UK, and the United Arab Emirates.