Last week, Saga Investment Bank in Iceland held a conference discussing issues such as corporate debt problems, creating opportunities out of economic difficulties and government debt management. The conference was held at the company‘s new office in downtown Reykjavik and proved to be a success with all the major investment players in Iceland attending.
The investment conference was held in conjunction with the changing of the bank‘s name, from Saga Capital Investment Bank to Saga Investment Bank. The simplification of the bank’s name was passed in order to place emphasis on the unique expertise that the bank offers as the only investment bank in Iceland.
The CEO of Saga Investment Bank, Thorvaldur Ludvik Sigurjonsson explained, “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). The 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.
Sigurjonsson continued, “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.”
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.