Saxo Bank Opens Office in Brazil, Further Extending its Presence in Latin America

Saxo Bank, the online multi-asset trading and investment specialist today announced that the Bank is expanding its Latin American footprint by opening a new office in Sao Paulo, Brazil after being granted a licence by the Brazilian central bank.

Saxo Bank already has an office in Uruguay to service Latin American retail investors and in Panama focusing on institutional business for the Spanish-speaking markets. As Brazilian fund managers are increasingly seeking to diversify their funds, the new office in Sao Paulo intends to serve institutional clients, offering access to a vast range of products.

The office will be headed up by Pedro Borges, previously Director at the Portuguese financial services firm Orey Financial. Borges has over 15 years of experience working in the financial markets and brings with him expertise in electronic trading, hedge funds and business development.

Pedro Borges, Head of Saxo Bank Brazil, said: "As host to the 2016 Olympics and the 2014 World Cup, Brazil is much more than an emerging market today. It is a booming economy which offers the financial industry access to profitable opportunities. As the largest economy in Latin America it is crucial that Saxo Bank has presence in the local market. The new office will provide access to worldwide financial assets via one platform, and we aim to become the go-to partner of choice for institutional clients looking to invest in international assets."

In a joint statement, Kim Fournais and Lars Seier Christensen, co-founders and CEOs of Saxo Bank, said: "The needs of Latin American investors have evolved and become more sophisticated over the last years, and with our tools and technology we believe we are very well positioned to meet the growing demands of these investors. Saxo Bank opened its Uruguay offices in 2012 to cater for Latin American retail investors. Opening an office in such an exciting and rapidly evolving country is now the logical extension of our footprint in the region, and one we are very excited about."

Lars Seier Christensen will open the new office and deliver the opening speech at the opening event at the new office, as well as introduce the services Saxo Bank can offer in a conference for hedge funds at Bas des Arts, Sao Paulo on Thursday, 3 October 2013.

Saxo Bank offers to Institutional investors access to 30,000 financial instruments, including stocks of companies listed on over 30 global stock exchanges, 160 currency pairs, 8,700 CFDs, 1,500 ETFs and ETCs, futures and more. The instruments are available through Saxo Trader, a desktop version of the platform, the browser-based Saxo Web Trader and Saxo Mobile Trader for mobile devices.