6. März 2026

On 2 March 2026, J. Safra Sarasin Group, a global leader in private banking and wealth management, announced the completion of the acquisition of approximately 71% of Saxo Bank A/S, a leading international FinTech bank for investors, traders, and institutional (BaaS) partners.

The transaction was completed following receipt of all required regulatory approvals, including from the Swiss Financial Market Supervisory Authority (FINMA) and the Danish Financial Supervisory Authority (DFSA).

This strategic acquisition aims to enhance the global long-term potential of both J. Safra Sarasin Group and Saxo Bank, with combined client assets of over USD 460 billion.

J. Safra Sarasin Group's acquisition strategy focuses on innovative and diversified financial businesses, further enhancing its growth and international footprint in financial services. The integration of Saxo Bank’s technology platform will establish a new frontier in wealth management, setting a benchmark for innovation and client experience in the industry.

Walder Wyss advised J. Safra Sarasin Group as lead counsel in the transaction on contractual and regulatory matters. The team was led by Patrick W. Vogel (Partner, Banking and Corporate/M&A) and further included Laurent Schmidt (Managing Associate, Banking and Corporate/M&A), Anaëlle Genoud (Senior Associate, Banking & Finance), Dzeneta Hrustic (Associate, Banking and Corporate/M&A), Katja Schott-Morgenroth (Partner, Corporate/M&A and Notarial services) and Gion Giger (Counsel, Antitrust and Competition).