Saxo Bank delivered its strongest half year performance on record in H1 2026

Saxo Bank delivered its strongest half‑year performance on record in H1 2026, posting an 18% rise in net profit to EUR 87 million. The uplift was driven by higher income, expanding client assets and sustained trading activity across global markets. Total income climbed 12% year‑on‑year to EUR 375 million, extending the momentum seen in 2025, when the bank reported EUR 120 million in adjusted net profit and record client engagement.

This year also marked a major strategic milestone. Following J. Safra Sarasin Group’s acquisition of a majority stake,completed in March. Daniel Belfer stepped in as CEO, while founder Kim Fournais transitioned to chairman. Under the refreshed leadership structure, Saxo Bank highlighted that the latest results represent the best half‑year financial performance in its history, underscoring the impact of its long‑term growth strategy.

Client activity continued to accelerate. Client assets surged to EUR 153 billion, up from EUR 118 billion a year earlier, and the client base expanded to 1.7 million, adding roughly 300,000 new clients. Saxo attributed the growth to positive equity‑market sentiment, heightened commodity volatility and ongoing geopolitical and macroeconomic uncertainty, conditions that kept trading volumes elevated across its global platform.

Looking ahead, the bank is doubling down on investment in marketing, client offerings, AI and platform innovation. In Asia‑Pacific, Saxo strengthened its presence with the launch of Saxo Elite in Singapore, a premium tier offering relationship managers and direct access to its trading desk. This builds on recent additions such as margin accounts and fractional shares, reinforcing Singapore’s role as Saxo’s regional hub after consolidating operations in 2024.

What this means for hiring. Saxo is investing in marketing, AI and its platform, and has launched Saxo Elite in Singapore with dedicated relationship managers. That points to hiring in technology, marketing and client relationship roles, especially in Asia-Pacific.