Capital Four Marries Up With Saxo Bank

Saxo Bank has purchased the entire share capital of Capital Four Management Fondsmaeglerselskab A S and 51% of the share capital of Global Evolution Fondsmaeglerselskab A S. The transaction is in line with its commercial strategy of developing the bank's

By None

Saxo Bank has purchased the entire share capital of Capital Four Management Fondsmaeglerselskab A/S and 51% of the share capital of Global Evolution Fondsmaeglerselskab A/S.

The transaction is in line with its commercial strategy of developing the bank’s activities within the field of asset management. Its goal is to become a Nordic powerhouse within asset management.

The purpose of the acquisitions is to strengthen the companies’ distribution power and long-term positions as suppliers of asset management products in each of their niche areas. The expertise of Capital Four lies within European corporate bonds, with a focus on the High Yield market, while Global Evolution primarily operates within emerging market fixed income and FX. The acquisitions mean that portfolios (AUM) worth around DKK 14 billion are managed by Saxo Asset Management.

Saxo Bank will exercise its ownership in such a way that the two teams can retain their own character and autonomy in the investment process.

“We regard Capital Four and Global Evolution as among the leading European asset managers in their own sectors,” says Bjarne Thorup, director, Saxo Banks Asset Management activities. “The companies are therefore eminently suited to our strategic purposes in asset management. Asset management is a question of trust, and it must create value for clients. This is totally in line with Saxo Bank’s online profile.”

“Saxo Bank has just completed its most successful year ever and posted record revenues and profit. In times of heightened customer awareness of financial stability, we are particularly happy to have found a sponsor with deep resources and solid recognition,” says Sandro Naf, CEO of Capital Four. “During the last ten years, we have built a disciplined and robust investment process and developed a wide range of long-term relationships with domestic and international clients. This transaction will allow us to continue to offer our services in a seamless fashion and will strengthen our organisation going forward.”

The company’s goal is to be a Nordic power house within asset management, and we are pleased to play an active part in the achievement of this ambition, says Soren Rump, CEO of Global Evolution. Saxo Bank’s international profile and very high level of ambition is something that is really attractive for us. In distribution terms, we anticipate gaining much from Saxo Bank’s commercial platform and the bank’s wealth of offices around Europe, Asia and the Mid East.

L.D.

«