FinanceMagnates
The Australian division of Saxo Bank, Saxo Australia, has changed ownership, as Johannesburg-headquartered DMA acquired a majority stake in it. Announced today (Monday), DMA, a technology provider to financial advisers and wealth managers, will acquire 80.1 per cent of the Australian business, while Denmark’s Saxo Bank will retain 19.9 per cent.Saxo Looking for BuyersThe acquisition came when Saxo Bank itself was looking for potential buyers after a failed attempt to take the company public…
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Saxo Australia Has Been Sold to a South African Technology Provider, Rebranding Ahead
Arnab Shome
12:25
The Australian division of Saxo Bank, Saxo Australia, has changed ownership, as Johannesburg-headquartered DMA acquired a majority stake in it. Announced today (Monday), DMA, a technology provider to financial advisers and wealth managers, will acquire 80.1 per cent of the Australian business, while Denmark’s Saxo Bank will retain 19.9 per cent.Saxo Looking for BuyersThe acquisition
