Saxo Bank will move into pole position with Lotus for the Monaco Grand Prix where the leading online trading and investment specialist will increase its branding of the team's 2014 challenger.

According to the team, "as an endorsement and reinforcement of the exposure and business-to-business opportunities Saxo Bank has enjoyed since becoming Lotus F1 Team Official Business Partner at the start of this season, the E22's sidepods will feature the distinctive Saxo Bank logo for the Monaco Grand Prix as a highlight of the bank's activation of the partnership.

"We are delighted to take our relationship with Saxo Bank to the next level," said Federico Gastaldi, Lotus Deputy Team Principal. "Both companies share a similar outlook and enjoy taking on the more established and bigger players in their respective domains, with an equal appetite for success. The backdrop of the Monaco Grand Prix is an excellent canvas for an enterprise such as Saxo Bank to be showcased in front of an exceptional worldwide audience. It is no secret that as a team we have had a tough start to our season, but this additional support from Saxo Bank is a strong endorsement of all the strong progress we are making."

"Sponsoring high performance sports like Formula 1, World Series by Renault and Pro Tour Cycling is the embodiment of Saxo Bank's general approach on how to excel in our line of business," added Lars Seier Christensen, co-CEO and co-founder, Saxo Bank A/S. "Our sports sponsorships are always ambitious. We are in it to win and to give our clients and partners great experiences. At Saxo Bank, we are proud to be supporting the whole Lotus F1 Team, and especially Denmark's very own Marco Sorensen, the official Lotus F1 Team Reserve and Development driver.

"The Monaco Grand Prix weekend is especially unique since Saxo Bank will be featured on five race cars - the two Lotus F1 Team cars, the Tech 1 Formula Renault 3.5 race car driven by Marco Sorensen and the two Lotus Formula Renault 3.5 team cars."