Bank of Georgia Holdings PLC (LON:BGEO) has just announced that its investment management subsidiary JSC Galt & Taggart has signed an agreement with Saxo Bank that will enable clients of Galt & Taggart to access global capital markets and invest on a multi asset basis.
The partnership is in tune with the strategy of the Georgian firm to provide superior access to capital markets to its clients and marks another step in Galt & Taggart’s track record of offering trading capabilities in the country and bringing the latest technology to the market.
The product of the collaboration is poised to go live in November 2015 and to deliver a highly adaptive trading experience with professional tools, insights and world-class execution to its users.
“I am very excited about our prospects of partnering with Saxo Bank and further promoting our clients’ trading practice by bringing the latest expertise to the market. This collaboration with Saxo Bank will enrich Galt & Taggart’s services and better position the company to help local and regional investors explore investment opportunities and offer greater access to capital markets. I want to congratulate the Galt & Taggart team with the completion of this key milestone in their aim to develop capital markets in the region and we are looking forward to unveiling a full offering to our clients in November 2015” said Irakli Gilauri, Group CEO of Bank of Georgia Holdings PLC.
The move is also in tune with Saxo’s efforts to bolster its institutional business. In September, Saxo Bank announced the official launch of Saxo Markets, the bank’s standalone business platform for its swiftly growing institutional clientele. Saxo Markets serves institutional clients through main institutional centres in the UK, Denmark and Singapore.
To view the official announcement on the partnership, click here.