Saxo, Bank

Saxo Bank to Accelerate Growth With Opening of New Office in Gurugram

11.10.2018 - 13:20:25

Business Wire India
Saxo Bank Group, the leading fintech specialist provider of multi-asset trading and investing, is expanding its India presence and relocating more than 500 employees into a new and bigger office in Gurugram. The move reflects the Bank’s major investments in technology with the Gurugram office as a hub for fintech innovations.
 
Saxo Group India, part of the Saxo Bank Group, expands its presence with the move to a new and bigger office in Gurugram to accommodate future growth with a plan to increase in headcount by 20 % in 2018. The new office is officially inaugurated at an event on 11th October that marks the opening of more than 125,000 square feet with state-of-the-art interior designed to inspire innovation and collaboration across departments.
 
Established through an acquisition in 2010, Saxo Group India employs more than 500 people primarily within IT and operations. The organisation in Gurugram works with Saxo Bank’s headquarter in Copenhagen as one team to continuously improve the core of the Bank which is the trading technology and platforms that give clients access to more than 35,000 financial instruments across asset classes and geographies.
 
Deepak Gupta, COO at Saxo Group India, comments:
“Saxo is making major investments in IT with the aim of digitizing the whole value chain and leveraging new technology. The new office in Gurugram provides an inspiring environment to accommodate our ambitious strategy plan of growing our team by more than 200 people in the next few years. Our key priorities are to continue to be a pioneer in the industry by moving to the cloud and use machine learning and artificial intelligence to keep pushing the boundaries of what technology can achieve in finance.”
 
Kim Fournais, CEO & founder at Saxo Bank, comments:
“We usually say that Saxo Bank is an IT-company with a banking license. Despite being more than 25 years old, Saxo has never stopped thinking like a start-up, and we are truly agile in how we embrace new developments and innovation. Saxo India has been instrumental in the journey to become a leading fintech specialist and our team in Gurugram has grown eightfold to more than 500 extremely skilled and dedicated Saxonians. We look forward to welcoming even more talented people in the near future.”
About Saxo Bank
 
Saxo Bank Group (Saxo) is a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.
 
For more than 25 years, Saxo’s mission has been to democratize investment and trading, enabling clients by facilitating their seamless access to global capital markets through technology and expertise.
 
As a fully licensed and regulated bank, Saxo enables its direct clients to trade multiple asset classes across global financial markets from one single margin account and across multiple devices. Additionally, Saxo provides wholesale institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology, supporting the full value chain delivering Banking-as-a-Service (BaaS).
 
Saxo’s award winning are available in more than 20 languages and form the technology backbone of more than 100 financial institutions worldwide.
 
Founded in 1992 and launching its first online trading platform in 1998, Saxo Bank was a Fintech even before the term was created. Headquartered in Copenhagen Saxo Bank today employs more than 1500 people in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Hong Kong and Tokyo.
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