- Saxo Bank sells 80.1% of its Australian business to DMA, retaining a 19.9% equity stake in the company.
Saxo Bank have announced the sale of its Australian business to South Africa’s DMA. This move signals a significant change in the company’s strategy regarding its APAC operations in the Australia region.
DMA is the provider of leading software solutions for institutional investors, and this acquisition will allow it to increase its presence across Australia, providing cutting-edge tools to financial advisers, wealth managers and institutional clients.
For a transitional period, Saxo Australia’s existing clients will continue to use the Saxo Bank platform without interruption.
