Investment bank in Iceland changes name to represent unique service

The Icelandic financial institution, Saga Capital Investment Bank has recently changed its name to Saga Investment Bank. The simplification of the bank’s name is in order to place emphasis on the unique expertise that the bank offers as the only investment bank in Iceland.

Saga Investment Bank specialises in traditional investment banking activities such as corporate finance, stockbroking, asset management, securities offerings and investment advice to corporations, foundations and other institutional investors.

Thorvaldur Ludvik Sigurjonsson, the CEO of Saga Investment Bank said, “There have been dramatic changes in the Icelandic financial sector since the financial melt-down in 2008. Saga Investment Bank is the only Icelandic investment bank to survive the crisis and we wanted a simple name that reflected our unique status and service.”

The bank holds an investment license and operates under financial corporation laws while also being closely supervised by The Financial Supervisory Authority in Iceland (FME). Saga Investment Bank has a total of 37 employees; 16 in Reykjavík, Iceland’s capital city and additionally, 21 employees in Akureyri in the north of Iceland.

“Although we have simplified our name, we also wish to emphasise the fact that this is the same company as before, offering the same services with the same solid employees,” added Sigurjonsson.

Today, Saga Investment Bank will be holding a conference at the company‘s new office in downtown Reykjavik, Iceland. The conference will be discussing issues such as corporate debt problems, creating opportunities out of economic difficulties and government debt management.

More details about Saga Investment Bank in Iceland can be found at www.sagabank.com

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Brynhildur Olafsdottir

Communications

Saga Investment Bank

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