Saga Investment Bank hf. is an independent investment bank in Iceland, specialising in providing a range of investment services including corporate finance, securities brokerage, asset management, bond issues and investment advice for companies, institutions and other professional investors. The firm operates according to the Financial Institutions Act No. 161/2002 under the supervision of the Icelandic Financial Supervisory Authority.
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Origins
Saga Investment Bank hf. was established in the autumn of 2006 under the name of Saga Capital Investment Bank. By the spring of 2007, the firm completed a closed share offer resulting in approximately 60 shareholders. Its standard banking operation began in the summer of 2007 after the Financial Supervisory Authority granted the firm an investment bank operating license. The bank abbreviated its name from Saga Capital Investment Bank to Saga Investment Bank in the autumn of 2010.
Offices
Saga Investment Bank’s offices are located in the north and southwest of Iceland. The firm’s main headquarters is in Akureyri, but the Corporate Finance and Capital Markets sectors are located in Reykjavík.
Business Segments
Saga Investment Bank is organised into two main business segments:
Corporate Finance
Saga Investment Bank invites corporations, holding companies and other professional investors to contact Corporate Finance for comprehensive solutions and consulting relating to restructuring, takeovers, sales and mergers of companies and operating units. These include:
Capital Markets
Capital Markets provides stock broking services for companies, investment funds, mutual funds, pension funds and other investors. Saga Investment Bank is a member of stock exchanges in all the Nordic countries through NASDAQ OMX Nordic Exchange.