GENTOFTE, Denmark, May 31, 2007 (PRIME NEWSWIRE) -- Saxo Bank is pleased to announce the grand opening of its satellite office in Marbella, Spain. The office will serve as a sales gateway for private clients in Spain.
The office will be headed by Kurt Carlsson, a 14-year veteran of Saxo Bank and longtime director of the Bank's Private Client Group.
The office will be formally inaugurated on May 31, at an event hosted by Kurt Carlsson and Saxo Bank co-founder and co-CEO Lars Seier Christensen.
In a statement, Carlsson said the decision to open a branch office in Spain had long been a strategic objective of Saxo Bank, owing to the large number of Scandinavian and other expatriates in the Costa del Sol and the rest of Spain.
"We have a large concentration of private clients in Spain, where the investment culture is geared toward active, sophisticated clients and their demand for innovative, self-directed, multi-product investment solutions. We've been keen from the outset to provide greater support to these clients," said Carlsson.
Lars Seier Christensen said the Marbella office will also provide a showcase for Saxo Bank's Private Wealth Management concept, which rolled out in 2006, but will be significantly expanded in 2007.
"The concentration of dynamic, high-net-worth investors in southern Spain is an ideal proving ground for our Private Wealth Management offering, and we look forward to promoting it here, along with the complete palette of instruments available on our platform," said Christensen.
Saxo Bank's signature, award-winning platform, SaxoTrader, is fully translated in Spanish.
About Saxo Bank A/S
Saxo Bank A/S is a modern investment bank specializing in online investments in the international Capital Markets. Saxo Bank enables clients to trade currencies, shares, CFD contracts, futures, options and other derivatives as well as portfolio management via our online trading platform -- SaxoTrader. SaxoTrader has been internally developed by Saxo Bank and is available to today's investor directly through Saxo Bank or through one of our global partnerships as an integral part of their own infrastructure. One of Saxo Bank's significant areas of business is White Labelling, which is the development of tailored versions of the online trading platform to other banks and brokerage houses. Saxo Bank has more than 70 White Label Partners and thousands of clients in 177 countries. The bank's website www.saxobank.com has approx. 65,000 visitors every day. Saxo Bank currently employs more than 800 employees from 45 different countries. The bank is headquartered in Denmark, with operating offices in London and Singapore, and an IT development center in St. Petersburg, Russia.