Total client assets at Saxo Bank will increase drastically in 2023 to exceed USD 100 billion. This is a milestone in the history of the company.

Online trading specialist Saxo Bank Group in Australia has recently reported that total client assets have exceeded US$100 billion, a record-breaking milestone in the company's history. This record confirms an increase in the number of clients and client deposits despite the macroeconomic factors, resulting in market uncertainty and financial challenges.

Saxo Bank

Saxo Bank has thrived as a leading financial institution for over 30 years to create a seamless, convenient, and comprehensive investment experience. It took the company 25 years to increase its $20 billion milestone in total client assets and five years later to reach that fivefold increase to more than $100 billion.

Although the number of client assets at Saxo Bank has jumped dramatically, in March 2023, the trading volume performance report saw a significant decline of 34% to $102.8 billion.

Kim Fourne, founder and CEO of Saxo, commented, "We are honored by the trust customers have shown to reach the milestone of over $100 billion in customer assets. It demonstrates our ability to support our customer base and partners to navigate challenging markets and deliver experiences and a robust investment platform tailored to client needs."

"We are committed to continuing to invest continuously in improving the customer experience to provide customers with the knowledge, resources, and guidance to thrive in today's challenging economic environment and achieve financial goals," added Fourne.