Kim Fournais, co-founder and former chief executive of Saxo Bank, has sold his entire remaining stake in the company, according to reports from Danish media outlets including BT and Ekstrabladet.
The transaction marks the final step in Fournais's divestment from the bank he helped establish, leaving him with zero percent ownership.
Despite the complete sale of his shares, Fournais will continue to serve as chairman of the board, maintaining a leadership role in the company's governance without direct equity exposure.
The move represents a significant shift in the ownership structure of Saxo Bank, one of Europe's largest digital investment banks.
Fournais, who previously served as CEO, has gradually reduced his involvement in the day-to-day operations and financial stake of the firm over recent years.
This latest transaction finalizes that process, separating his operational influence from his financial interest in the institution.