Saxo Bank Opens Office in Brazil Further Extending its Presence in Latin America

AsiaNet 54479

SAO PAULO, Oct. 2, 2013 /PRN=KYODO JBN/ --

     Saxo Bank [http://www.saxobank.com ], the online multi-asset trading and

investment specialist today announced that the Bank is expanding its Latin

American footprint by opening a new office in Sao Paulo, Brazil after being

granted a licence by the Brazilian central bank.

    Saxo Bank already has an office in Uruguay to service Latin American retail

investors and in Panama focusing on institutional business for the

Spanish-speaking markets. As Brazilian fund managers are increasingly seeking

to diversify their funds, the new office in Sao Paulo intends to serve

institutional clients, offering access to a vast range of products.

    The office will be headed up by Pedro Borges, previously Director at the

Portuguese financial services firm Orey Financial. Borges has over 15 years of

experience working in the financial markets and brings with him expertise in

electronic trading, hedge funds and business development.

    Pedro Borges, Head of Saxo Bank Brazil, said:

    "As host to the 2016 Olympics and the 2014 World Cup, Brazil is much more

than an emerging market today. It is a booming economy which offers the

financial industry access to profitable opportunities. As the largest economy

in Latin America it is crucial that Saxo Bank has presence in the local market.

The new office will provide access to worldwide financial assets via one

platform, and we aim to become the go-to partner of choice for institutional

clients looking to invest in international assets."

    In a joint statement, Kim Fournais and Lars Seier Christensen, co-founders

and CEOs of Saxo Bank, said:

    "The needs of Latin American investors have evolved and become more

sophisticated over the last years, and with our tools and technology we believe

we are very well positioned to meet the growing demands of these investors.

Saxo Bank opened its Uruguay offices in 2012 to cater for Latin American retail

investors. Opening an office in such an exciting and rapidly evolving country

is now the logical extension of our footprint in the region, and one we are

very excited about."

    Lars Seier Christensen will open the new office and deliver the opening

speech at the opening event at the new office, as well as introduce the

services Saxo Bank can offer in a conference for hedge funds at Bas des Arts,

Sao Paulo on Thursday, 3 October 2013:

http://www.saxobank.com.br/conferenciabrasil

    Saxo Bank offers to Institutional investors access to 30,000 financial

instruments, including stocks of companies listed on over 30 global stock

exchanges, 160 currency pairs, 8,700 CFDs, 1,500 ETFs and ETCs, futures and

more. The instruments are available through Saxo Trader, a desktop version of

the platform, the browser-based Saxo Web Trader and Saxo Mobile Trader for

mobile devices.

    About Saxo Bank

    Saxo Bank is a leading online trading

[http://www.saxobank.com/forex?csref=b1744_Link_boilerplate_pressrelease ] and

investment specialist, offering private investors and institutional clients a

complete set of tools for their trading and investment strategies. A fully

licensed and regulated European bank, Saxo Bank enables clients to trade FX,

CFDs [http://www.saxobank.com/cfds?csref=b1745_Link_boilerplate_pressrelease ],

ETFs, Stocks, Futures, Options and other derivatives via three specialised and

fully integrated multi-asset trading platforms

[http://www.saxobank.com/demo-account?csref=b1746_Link_boilerplate_pressrelease

]; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the

SaxoTrader app. The platforms are available in over 20 languages and are

white-labelled by more than 100 major financial institutions worldwide. Saxo

Bank also offers professional portfolio and fund management as well as

traditional banking services through Saxo Privatbank. Founded in 1992, the Saxo

Bank Group is headquartered in Copenhagen with offices in 25 countries

throughout Europe, Asia, Middle East, Latin America, Africa and Australia.

SOURCE: Saxo Bank