Saxo Bank (Switzerland) SA

Saxo Bank Founders are Proud of Team CSC Saxo Bank

    Paris and Copenhagen, Denmark (ots/PRNewswire) - In a statement following the final results of this year's Tour de France, the two founders of Saxo Bank and joint CEOs, Kim Fournais and Lars Seier Christensen, praised the Team CSC Saxo Bank and said that with this Tour the cycling sport had reached a turning point.

    "Watching Carlos Sastre in the Yellow Jersey and Andy Schleck in the White, side by side, today, armed with nothing but moral fiber and muscles, was amazing. Although we expected the team to win, we never dared to hope for a victory of this magnitude. At the same time, this year's Tour de France proved to be a turning point for this sport. We are not only celebrating Team CSC Saxo Bank, I truly believe their victory is triumph for the entire cycling industry," Kim Fournais, co-CEO of Saxo Bank, said.

    Team CSC Saxo Bank showed its strength after first Frank Schleck, and then Carlos Sastre took the yellow jersey. Lars Seier Cristensen and Kim Fournais said that they were stunned by the achievements of the team.

    "Today, we not only celebrate Sastre, but all nine riders and Bjarne Riis who together have set a trend for the entire cycling sport," Lars Seier Christensen, co-CEO of Saxo Bank, said. ". It's obvious to everyone that this team is motivated by the desire simply to win. This is about the individual top performer supported by the entire team. That is very much how we work in Saxo Bank and that is the secret of success. We are very proud to be associated with Team CSC Saxo Bank."

    The co-CEOs also told why they decided to enter a deal with the team.

    "It is a lot like entering the financial markets. Now is a good time and if cycling stocks were available on the stock exchange, we would be the first ones to buy. We simply wanted to be a part of the future bull market of cycling. It is safe to say today that we made the right decision," Lars Seier Christensen said.

    Saxo Bank's co-sponsorship runs to the end of this year, and on 1 January 2009 Saxo Bank becomes the sole main sponsor of the team that, from then on, will be known as Team Saxo Bank.

    About Saxo Bank

    Saxo Bank is a global investment bank specialising in online trading in the international Capital Markets. Saxo Bank enables clients to trade Forex, CFDs, Stocks, Futures, Options and other derivatives, as well as providing portfolio management via the SaxoTrader, the leading online trading platform. The SaxoTrader has been developed by Saxo Bank and is available to today's investor directly through Saxo Bank or through one of our global collaborations, where it forms an integral part of their infrastructure. One of Saxo Bank's significant areas of business is White Labelling. This involves the Bank's online trading platform being customised and branded for other financial institutions and brokers. Saxo Bank has more than 120 White Label Partners and boasts thousands of clients in over 180 countries. Saxo Bank currently employs almost 1,400 employees from 76 different countries. Saxo Bank is headquartered in Copenhagen with offices in London, Geneva, Zurich, Singapore, Tokyo and Marbella. It also runs a representative office in Beijing and an IT development centre in St. Petersburg.

ots Originaltext: Saxobank
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