What is the relationship between Saxo Bank and Copenhagen in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

Mr. Macartney has served as the Head of Social at Saxo Bank since August 2014, having worked in its Copenhagen branch – over the past year he has helped develop Saxo’s online brand, whilst helping manage its TradingFloor platform.

Answer: location_of_formation