Saxo Bank and Banco Carregosa celebrate 20 years of partnership

By Joy Dumasia

Saxo Bank, the online trading and investment specialist, marks the 20th anniversary of its partnership with Portugal’s Banco Carregosa, a wealth management specialist offering advisory, asset management and online brokerage services, making this Saxo’s longest partnership in its institutional business.

In 2001, Banco Carregosa was looking for a digital solutions partner to support them in their digital transformation journey, allowing them to outsource parts of the offering to reduce costs and complexities while redirecting efforts on providing a better client experience.

The result is Saxo’s first White Label Client partnership, which allowed Banca Carregosa to leverage Saxo’s back end technology while offering a state-of-the-art trading platform under their brand, maintaining full customer control and confidentiality. Since then, the partnership has grown strongly, and Saxo has continued developing its White Label client business model, where today, it has over 135 WLCs globally.

Saxo’s institutional business, Saxo Advanced Solutions (SAS), taps into Saxo’s open technology infrastructure to enable partners – from banks, brokers, asset managers and FinTechs to hedge funds and financial advisors to accelerate their digitisation journey.

Kim Fournais, CEO and Founder, Saxo Bank, said, “As the first partner bank we onboarded in 2001, Banco Carregosa has been a valued and treasured partner, and we are very proud to be here today to celebrate this great milestone together. This is a great example of a win-win relationship, which we always strive for with all our clients and partners. We are very honoured that 20 years later, Banco Carregosa is still using our technology and market access to service their end clients. We continue to work on the continual upgrade of our partner solutions, and we look forward to taking the partnership further with Banco Carregosa.”

Recently, IBS Intelligence reported that Saxo Bank announced that Camilla Dahl Hansen had been promoted to the Chief Saxo Experience Officer position and member of the Bank’s Executive Team. She will report directly to Kim Fournais, CEO & Founder.