LSE-listed Bank of Georgia Holdings PLC (LON: BGEO) has announced today that its wholly owned 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.
This is the first partnership announced since Saxo Markets was launched in September in a bid to expand the Danish group's institutional business worldwide.
Tbilisi-based Galt & Taggart offers a wide range of investment banking and investment management services through its investment Banking, Asset Management, Brokerage, Wealth Management, and Research units. This move is said to be in line with the company's strategy of offering the best trading capabilities in Georgia.
Irakli Gilauri, Group CEO of Bank of Georgia Holdings PLC, commented: "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."
The Saxo-enabled product will activate in November 2015 and will aim to deliver a highly adaptive trading experience with professional tools, insights and world-class Execution to its users.
