Saxo Bank founders cash in
TECHNOLOGY NEWS
The bank, which the pair founded in 1992, has sold a $126.5 million stake to the $8 billion private equity firm General Atlantic, which will take two seats on the board. General Atlantic said Saxo represented a good investment prospect. Florian Wendelstadt, managing director at General Atlantic in London, said: "We’re encouraged by Saxo Bank’s multi-product trading capabilities, its access to the deepest liquidity pools and its ongoing commitment to world-class technology."
Fournais said the
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