Denmark · Financial institution
Saxobank A/S
Legal name in the LEI recordSAXO BANK A/S
Saxo Bank A/S is a Danish public limited company with its head office in Hellerup. It has held a Danish banking licence since 2001 and is the parent company of the Saxo Bank Group. It belongs to the J. Safra Sarasin Group through Saxo Holding AG, which Bank J. Safra Sarasin AG wholly owns. The bank runs online trading and investment platforms for private clients and institutional partners, including white-label arrangements. It was founded in 1992, and the Danish FSA designated it a systemically important financial institution (SIFI) in June 2023.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
European registers
ECB · monetary financial institutions
List as at 2026-09-25
- Category
- Credit institution
- Minimum reserves
- Not on the ECB reserve list
- Listed as
- SAXO BANK A/S
- RIAD code
- DK15731249
ESMA · MiFID II register
Register as at 2026-09-28
| Entry | Competent authority | Authorised | Services or instruments |
|---|---|---|---|
| Investment services (MiFID II) | Finanstilsynet | 2001-06-27 | A1 A2 A4 A5 |
Service codes follow MiFID II Annex I: A for investment services, B for ancillary services. Hover a code for its meaning.
Entries are matched on the LEI. Each register is quoted as its publisher lists it.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- SAXODKKKXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under SAXODKKK directly.
- Swift GPI
- Live member
- Payment schemes and systems
- SCT · SCT Inst · VOP · T2 · TIPS
- Branch codes
- 1 branch code
- BIC first registered
- 2003-10-04
- Last updated
- 2016-08-20
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
100% Saxo Holding AG
Institution type
Investment bank
Trades as Saxo
- Standing
- J. Safra Sarasin Group completed its acquisition of about 71% of the bank on 2 March 2026. According to the bank's investor-relations page, Saxo Holding AG, which Bank J. Safra Sarasin AG wholly owns, now holds 100% of its shares.
- Ownership
- Saxo Holding AG holds 100% of the shares, and Bank J. Safra Sarasin AG of the privately owned J. Safra Group wholly owns Saxo Holding AG.
- Direct parent
- Saxo Holding AG 100%
- Ultimate owner
- Bank J. Safra Sarasin AG (J. Safra Sarasin Group, part of the privately owned J. Safra Group), Switzerland
- Head office
- Philip Heymans Alle 15, 2900 Hellerup, Denmark
- Company register
- CVR 15731249 (Danish Central Business Register); Danish FSA licence no. 1149
Business lines
The bank offers online trading and investment in stocks, ETFs, funds, bonds, options, CFDs, forex, futures and commodities, and supplies its platform to banks, brokers and other partners on a white-label basis.
Online
- Websites & references
- home.saxo ↗
help.saxo ↗ client help centre
Wikipedia ↗
Wikidata Q1325291 ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · TradingView ↗
Sources · 13 pages consulted
- home.saxo/
- home.saxo/about-us/investor-relations
- home.saxo/about-us
- home.saxo/legal/saxo-bank-licenses/saxo-bank-license-details
- home.saxo/legal/payment-instructions/saxo-payment-instructions
- finanstilsynet.dk/tilsyn/inspektion-og-afgoerelser/2026/jan/administrativt-boedeforelaeg-til-saxo-bank-as
- finanstilsynet.dk/tilsyn/inspektion-og-afgoerelser/2024/feb/saxo-bank-hvidvaskomrdet_150224
- home.saxo/content/commentaries/pr/press-release/j-safra-sarasin-group-completes-the-acquisition-of-
- home.saxo/content/commentaries/pr/press-release/changes-to-executive-team-board-of-management-and-b
- home.saxo/content/commentaries/pr/press-release/j-safra-sarasin-group-to-acquire-remaining-stake-in
- fxnewsgroup.com/forex-news/retail-forex/danish-fsa-publishes-findings-of-saxo-bank-inspection/
- cdn0.erstegroup.com/content/dam/cz/csas/tradergo_cz/dokumenty/tradergo-seznam-korespondencnich-bank.pdf
- en.wikipedia.org/wiki/Saxo_Bank
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Daniel Belfer
CEO
- Chair
-
Kim Fournais
Founder and Chairman of the Board of Directors
- Chief financial officer
-
Mads Dorf Petersen
Chief Financial Officer
- Executive
-
Henrik Juel Villberg
Deputy CEO
- Executive
-
Julio Cesar Carloto
Chief Risk and Compliance Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Denmark
- Danish Financial Supervisory Authority (Finanstilsynet) Prudential supervisorAML supervisorConductSecurities
- Denmark
- Finansiel Stabilitet Resolution
Recent events 3 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
Bank J. Safra Sarasin agreed to buy Kim Fournais's remaining indirect stake of about 28.69% in Saxo Holding AG, subject to regulatory approval.
home.saxo ↗ -
Investigation
The Danish FSA published the findings of its March 2026 inspection and ordered the bank to strengthen its product governance.
fxnewsgroup.com ↗ -
Merger / acquisition
J. Safra Sarasin Group completed its purchase of about 71% of the bank from Geely Financials Denmark, Mandatum and minority shareholders.
home.saxo ↗ -
Leadership
The bank appointed Daniel Belfer as CEO and Kim Fournais as chairman. The deputy CEO and COO and the chief risk and compliance officer left.
home.saxo ↗ -
Enforcement
The Danish FSA fined the bank DKK 313 million for customer due diligence and monitoring failures, including white-label clients, between 2021 and 2023.
finanstilsynet.dk ↗ -
Investigation
The Danish FSA published its May 2023 AML inspection report. It issued orders covering the bank's correspondent and white-label relationships.
finanstilsynet.dk ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- SAXODKKKXXX
- How the BIC breaks down
- SAXOBank
- DKCountry · Denmark
- KKLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 549300TL5406IC1XKD09
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Denmark · Europe & Central Asia
- Trading venues (MIC)
- Operates MIC SXSI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
- Founded
- 1992
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
The Saxo Bank A/S group has 4 institutions in the directory, in 4 countries: all hold a BIC.
Including Saxo Capital Markets UK LTD.
See the Saxo Bank A/S group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- PHILIP HEYMANS ALLE 15 HELLERUP 2900 DENMARK
- Operational address
- PHILIP HEYMANS ALLE 15 HELLERUP 2900 HELLERUP DENMARK
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>SAXODKKKXXX</BICFI>
<LEI>549300TL5406IC1XKD09</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>SAXODKKKXXX</BICFI>
<LEI>549300TL5406IC1XKD09</LEI>
<Nm>SAXOBANK A/S</Nm>
<PstlAdr>
<TwnNm>HELLERUP</TwnNm>
<Ctry>DK</Ctry>
<AdrLine>PHILIP HEYMANS ALLE 15 HELLERUP 2900</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2024-08-09 | Head office | — |
| SEPA Instant Credit TransferISO 20022 messages | 2025-01-09 | Head office | — |
| Verification of Payee | 2025-10-05 | Head office | — |
| T2 (Eurosystem real-time gross settlement)ISO 20022 messages | — | Head office | — |
| TIPS (TARGET Instant Payment Settlement)ISO 20022 messages | — | Head office | — |
SEPA dates are when the institution became ready for the scheme. The T2 list names direct participants only and gives no joining date. TIPS entries have no joining date.
An institution missing from T2 may still be reachable through an indirect participant. The ECB’s TIPS list does not separate participants from reachable parties. It includes institutions reachable in Swedish kronor as well as in euro.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
Market identifiers
One trading venue or reporting service run under this LEI list of 2026-09-17
| MIC | Market | Kind | Category |
|---|---|---|---|
| SXSI | SAXO BANK A/S | Operating MIC | Systematic internaliser |
Network
Branches and correspondent banking
One branch BIC connects to the head office. The bank publishes 4 accounts at other banks, across 2 regions.
- Own offices
- Correspondent banks: it holds accounts there
Hover over a branch, account or group to see its details
Correspondent accounts
Researched 29 Sep 2026 · Sources
4 accounts at other banks, in 4 currencies, as the bank publishes them.
| Currency | Correspondent | BIC | Account | Purpose | Directory check |
|---|---|---|---|---|---|
| EUR | Citibank N.A United Kingdom | CITIGB2L | — | Commercial payments to client accounts; MT103 to CITIGB2L with MT202 cover via CITIIE2X | Matches the Swift directory |
| GBP | Citibank N.A, London United Kingdom | CITIGB2LXXX | — | Commercial payments to client accounts | Matches the Swift directory |
| HKD | HSBC Limited Hong Kong Hong Kong SAR China | HSBCHKHHHKH | — | Commercial payments to client accounts | Matches the Swift directory |
| HUF | Citibank N.A, London United Kingdom | CITIGB2LXXX | — | Commercial payments to client accounts | Matches the Swift directory |
The official 'Standard Settlement Instructions' PDF for commercial payments to Saxo Bank A/S is linked from the Payment Instructions page and dated 22 June 2023. The PDF could not be fetched (access denied). Only the four rows visible in the search-engine text of that document are extracted, so the list is incomplete. No account numbers are published: beneficiaries are identified by their Danish IBAN at SAXODKKK. The instructions are not for FX, money market or derivative settlement. An older, undated copy hosted by Česká spořitelna (cdn0.erstegroup.com) was retrieved. It lists correspondents for about 22 currencies, including a RUB account at Rosbank, and differs from the 2023 version (e.g. HUF via Deutsche Bank London instead of Citibank). It is treated as superseded and not extracted. Currencies not extracted here should be confirmed with the bank. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them.
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| SAXODKKKEUR | BIC FOR EUR PAYMENTS IN T2S | Hellerup | PHILIP HEYMANS ALLE 15 HELLERUP 2900 HELLERUP DENMARK | — | 2021-11-20 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate. Source: European Central Bank, List of T2 participants. Source: European Central Bank, List of TIPS participants and reachable parties.
- Wikidata—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- European registers—Source: European Central Bank (ECB), list of monetary financial institutions and list of institutions subject to minimum reserves. Source: European Securities and Markets Authority (ESMA), MiFID II/MiFIR register (investment firms, trading venues, systematic internalisers, data reporting services providers). Matched on LEI by Elucidate.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: Unknown author · Public domain · Wikimedia Commons · original; Daniel Belfer: home.saxo (official website) · original; Kim Fournais: home.saxo (official website) · original; Mads Dorf Petersen: home.saxo (official website) · original; Henrik Juel Villberg: home.saxo (official website) · original; Julio Cesar Carloto: home.saxo (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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