Saxo & Portuguese Bank Partnership

Saxo has collaborated with Novo Banco, a Portuguese bank to offer Novobanco clients access to Saxo's trading platform. Henrik Alsøe, Global Head of Saxo Institutional, Henrik commented, “As a leading digital trading and investment services provider, Saxo is thrilled to expand the relationship with the novobanco Group and contribute to their drive towards improved customer centricity,”

Elisabete Pinto Pereira, Director of Investment and Protection, novobanco, said “As a bank fully focused on the customer and their needs, we believe that this partnership is an enabler of the Wealth Management journey we have embarked upon by allowing both a democratization and a digitalization of the investment experience,”

According to the broker, This partnership will leverage Novobanco's services and further solidifies its leadership position by empowering private investors to explore a significantly expanded investment universe through a globally renowned reference like Saxo Bank.

Digitalisation has brought a shift of mindsets in Portugal which has transformed the way people do their banking. An increasing number of Portuguese investors are embracing a fully digital investing experience and seeking a more diverse array of instrument opportunities. By integrating Saxo Banks multi-asset award-winning platform, novobanco is leveling the playing field, empowering a broad spectrum of investors and traders to access extensive investment opportunities with state-of-the-art trading and analytical tools.

About Novobanco

According to the Bank website, Novobanco is the 4th largest bank operating in the Portuguese market, with 1.6 million customers, assets of 43.5 billion euros and a 9.8% market share in 2023. Novobanco is a client-centric bank with a simple strategy: to provide a seamless, efficient experience for each customer, supported by an expert and friendly team.

About Saxo Bank

Saxo is a Danish investment bank. It provides investment products (stocks, ETFs, bonds, mutual funds, crypto ETPs) and leveraged products (options, futures, forex, forex options, crypto FX, CFDs, commodities, turbos) through its proprietary trading platforms - SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO. The bank operates in over 100 countries and has offices in major financial centers worldwide, including Copenhagen, London, Singapore, and Tokyo.

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