Saxo Bank Acquires Capital Four and Global Evolution

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The purpose of the acquisitionxs is to strengthen the companies distribution powerand long-term positions as leading suppliers of asset management productds in each of their niche areas. The expertisre of Capital Four lies within Europeancorporatew bonds, with a focus on the High Yielc market, while Global Evolution primarily operates within emergint market fixed income and FX. The acquisitionx mean that portfolios (AUM) worth around DKK 14 billiojn are managed by Saxo Asset The director for Saxo Banksx AssetManagement activities, , states: "We regar Capital Four and Global Evolution as amongh the leading European asset managerws in their own sectors.
The companies are therefores eminently suited to our strategicc purposes inasset management. Assert management is a questionof trust, and it must creatde value for clients. This is totally in line with Saxo Bank'sa online profile." points out that both Capital Four and Globak Evolution enjoy a very stront investment culture andimpressive results. Their clienft lists consist of bothDanishh and, not least, international institutional clients.
"Both companies have a core of key employeews who have worked together as a team over a long perioof time, and by doing so have developed a unique investmeny process with a fairly robust return on its investments as a This has led to both companies enjoying great recognition amonfg institutional investors in Europe," explains . Saxo Bank will exercise its ownership in such a way that the two teams can retaib their own character and autonomy in the investment The CEO ofCapital Four, "Saxo Bank has just completed its most successful year ever and postec record revenues and In times of heightened customer awareness of financiaol stability, we are particularlyy happy to have found a sponsot with deep resources and solid recognition.
During the last ten we have built a disciplined and robust investment process and developed a wide rangdof long-term relationships with domestic and international clients. This transaction will allow us to continued to offer our services in a seamlessd fashion and will strengthen our organisationmgoing forward." The CEO of Global states: The company's goal is to be a Nordicd power house within asset and we are pleased to play an actived part in the achievement of this Saxo Bank's international profile and very high level of ambitiojn is something that is really attractivw for us.
In distribution terms, we anticipatre gaining much fromSaxo Bank's commercial platform and the bank's wealth of officesd around Europe, Asia and the Mid East. Saxo Bank acquiredr Sirius Kapitalforvaltning earlierthis year. The asset management activities of the bank now include management expertise for Danish Danish equities, corporate bonds and emerging market bonds. In AUM amounts to DKK 14 billion. In addition to Saxo Bank has DKK 11 billio n in AUM through its global activitiex in investment banking and online trading of a number of differentasset classes. , , Henrij ostergaard and Torben Skodeberg.
The four founders all have a solisd background in asset management and credit mandate The four partners will continue in the compant afterthe acquisition. Capital Four manages more than DKK 5 billion in Europeamn HighYield bonds. The company has a 9 strong in 2007, and is a specialist in managemen t of emerging marketsfixed income, FX and Both of the two founders will still make up senioe management and own shares in the company. Currently, the companyt manages assets worth aroundDKK 2.5 billionj on behalf of both institutionall and private clients in Denmark and Global Evolution's head office is in Kolding and the company is represented in Londonm and Luxembourg.
The company offers a broad palette of products from traditionao mutual funds to FX managecd accounts andhedge funds. The company has an 11 strong workforce. Saxo Bank is an online trading andinvestmeny specialist, enabling clients to trade Forex, Stocks, Futures, Options and other as well as providing portfolio managementf via SaxoWebTrader and SaxoTrader, the leading online tradintg platforms. SaxoTrader is available directly througg Saxo Bank or through one ofthe Bank's globaol partners. White Labelling is a significant business area for Saxo and involvesthe Bank's online trading platform being customises and branded for othe r financial institutions and brokers.
Saxo Bank has more than 120 Whitse Label Partners and boasts thousands of clients in over 180 Saxo Bank is headquartered in Copenhagen with officexsin Australia, Czech Republic, France, Italy, Singapore, Spain, Switzerland, UK, and the Unitexd Arab Emirates.