DMA, a world chief in all-in-one software program options for monetary advisers and wealth managers, has entered into an settlement to amass a majority stake in multi-asset investing specialist Saxo Australia because it launches its providing within the Australian market.
As a part of the change in shareholding, Saxo Australia will proceed to leverage Saxo Financial institution’s platform and buying and selling expertise, serving to to make sure enterprise continuity and minimal disruption for purchasers.
The transaction is predicted to shut within the second half of 2025.
Retail excellence and a world-class adviser providing, facet by sideThe change in shareholding means Saxo Australia’s huge funding product vary, high-touch service and aggressive brokerage can be complemented and strengthened by DMA’s business-to-business knowhow, world-class adviser providing, and observe file of progress.
As soon as launched, DMA’s proprietary software program as a service (SaaS) will allow Australian institutional buyers—comparable to monetary advisers and asset and fund managers—to seamlessly join entrance, center and back-office capabilities below a single resolution, from clearing and settlement to execution and custody.
This may help monetary companies corporations to cut back back-office value and complexity, improve their client-facing service, and sustainably develop their enterprise.
Greater than 160 wealth managers and adviser networks throughout Africa, Europe, and the UK at present use DMA to entry world markets, all from a single platform.
“We consider DMA’s platform providing will convey tangible advantages to Australian monetary advisers and wealth managers, whereas the enterprise will proceed to give attention to delivering high-touch, high-quality service for self-directed retail purchasers,” DMA Chief Govt Officer Richard North mentioned. “It’ll be one of the best of Saxo and one of the best of DMA—and we expect that provides as much as {the marketplace}’s best option for buyers throughout your entire lifecycle.”
A clean transition for present Saxo Australia purchasers
Present self-directed retail purchasers of Saxo Australia, in the meantime, can proceed to benefit from the award-winning buying and selling platform they know and love.
That is made attainable by the pliability of Saxo Financial institution’s open utility programming interface (API) resolution, which offers a totally outsourced brokerage enterprise mannequin and manages all points of commerce order administration, execution, settlement, and post-trade operations.
Saxo Financial institution’s open platform structure additionally means DMA can simply construct further interfaces, digital companies, and buying and selling experiences for Australian purchasers.
“With this settlement with DMA, Saxo Financial institution leverages its core power—offering a scalable and multi-asset buying and selling infrastructure with our award-winning platforms,” Saxo Financial institution CEO and Founder Kim Fournais mentioned. “We couldn’t be extra happy to companion with DMA as we search to capitalise on the massive alternative within the Australian market and totally leverage this win-win resolution to get extra curious individuals invested in Australia.”
The brand new identify and model of the enterprise can be established following a transitional interval, throughout which the enterprise will proceed to function as Saxo Australia.
The enterprise can even retain Saxo Australia’s workers, below the management of CEO Adam Smith, whereas trying to bolster its Australia-based consumer service capability.
“We’ll guarantee a clean transition and purpose to reinforce the choices and companies offered,” Smith mentioned. “The purchasers of Saxo Australia will discover no disruption in service, product vary, or platform entry. We’re very happy to companion up with DMA and consider that this can be a recreation changer for Australian purchasers.”
By way of the change in shareholding, the Johannesburg-headquartered DMA will assume (topic to regulatory approvals) 80.1% possession of the Australian enterprise, whereas Saxo Financial institution will retain a 19.9% fairness stake.
