Saxo Bank Goes to China

Saxo Bank Goes to China

August 20, 2007

    COPENHAGEN, Denmark, Aug. 20 /Xinhua-PRNewswire/ --

    Saxo Bank is opening its new representative office in
Beijing and establishing itself in China in order to
develop and expand its business in one of the fastest
growing economies in the world.

    Increased proximity to clients, partners and liquidity
providers were the main drivers behind Saxo Bank's decision
to continue its expansion in the Asian-Pacific region and to
open its new representative office in Beijing.

    "In the Asian-Pacific region you find a client
base that is knowledgeable, technologically sophisticated
and receptive to information on investment instruments,
including, but not limited to, FX, CFDs and other
derivatives.  The future of online trading will be
determined by self-directed investors, who are eager to
diversify and ready to learn.  Saxo Bank's value
proposition is uniquely suited to Asian investors in that
kind of environment," says Shailendra Robin Patel,
Saxo Bank's Senior Executive Director for Global Business
Development.

    The new office is situated in the Central Business
District of Beijing and is Saxo Bank's first foray into
China.

    "Our representative office will provide ready
access to the growing financial community in Beijing and
represents our first, formal step into developing and
growing our business in one of the fastest growing
economies in the world," added Patel.

    Saxo Bank has appointed Zhichao Yao as Chief
Representative Officer (CRO).  Yao brings with him
experience from China Galaxy Securities, the No. 1
securities house in China, an in-depth understanding of
China's evolving financial and regulatory framework, as
well as a strong network across the capital markets in
China.

    "Our Chinese office will be used to facilitate
active interaction and representation of Saxo Bank's
business and services to the increasingly international
financial community within China and under Yao's guidance
will be responsible for establishing and building a strong
business network to support our future development plans
for China," Patel commented.

    Yao will also work closely and co-ordinate with all
units of Saxo Bank including our Singapore-based, Saxo
Capital Markets Pte.  Ltd subsidiary led by SCM CEO, Kevin
Ashby.  With headquarters in Denmark, Saxo Bank also has
operating offices in London and Spain, and an IT
development center in St. Petersburg, Russia.

    Saxo Bank received formal approval for the opening of
their Beijing office from the Chinese Banking Regulatory
Commission (CBRC) on February 9, 2007.  The CBRC will also
supervise Saxo Bank's activities in China.

    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 an 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 Saxo Bank's global
partnerships as an integral part of their own
infrastructure.  One of Saxo Bank's significant areas of
business is White Labeling, which is the development of
tailored versions of the online trading platform to other
banks and brokerage houses.  Saxo Bank has more than 80
White Label Partners and thousands of clients in 177
countries.  The bank's website http://www.saxobank.com has
approx. 65,000 visitors every day.  Saxo Bank currently
employs more than 1000 employees from 50 different
countries.  The bank is headquartered in Denmark, with
operating offices in London, Spain and Singapore, and an IT
development center in St. Petersburg, Russia.


    For more information, please contact:

     Robin Patel
     Senior Executive Director
     Saxo Bank A/S
     Tel:   [phone]
     Email: [e-mail]

     Kasper Elbjorn
     Media & PR Manager
     Saxo Bank A/S
     Tel:   [phone]
     Email: [e-mail]

     Saxo Bank A/S Beijing Representative Office: 
     Reg.110000400178453, C105-C, 1st Floor, Central
     Tower, Chemsunny Plaza, No. 28 Fu Xing Men Avenue,
Xicheng
     District, 100031 Beijing, People's Republic of China
     Extension numbers: 845-6800 & 6801