Georgia digitalizes as Saxo Bank completes white label partnership with investment bank JSC Galt & Taggart

Saxo Bank has entered into a white label partnership with JSC Galt & Taggart, which is an investment banking subsidiary of Bank of Georgia Holdings PLC (LON:BGEO), which is listed on the London Stock Exchange.

The wealth management company, although listed on London’s main market, focuses its attention on private clients in Georgia, the Caucasian nation and former Soviet republic.

JSC Galt & Taggart’s clients will now be able to access global markets via Saxo Bank’s multi-asset trading environment, and the company has designed an adaptive and intiuitive trading solution which suits JSC Galt & Taggart.

Speaking yesterday with regard to the partnership and the company’s foray into the region, Matteo Cassina, Head of Lines of Business at Saxo Bank stated

“The partnership is the first of its kind in the region and our aim is to kick-start a true digitalisation of high growth frontier markets. With more than 100 white label partners around the world today, Saxo takes a lead in transforming the way traders and investors access trading opportunities.”

“Saxo Bank has always had a passion for democratising trading and levelling the playing field for traders and investors.”

“In doing so, Saxo Markets, the Institutional Division of Saxo Bank Group, look to well-regulated markets where our solution can add value to local financial institutions. We believe better access to trading technology in the region, through leading financial institutions like Bank of Georgia, will revolutionise the way private investors access opportunities in the Eurasian region.”

From a technological perspective, this particular partnership is intended to further the build-out of Saxo Markets’ business platform which serves its institutional client bases, of which white label partnerships are a critical element.

Irakli Gilauri, Group CEO of Bank of Georgia Holdings PLC made a commercial statement on the partnership

“I am proud to announce our partnership with Saxo Bank enhancing 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 global 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.”

Archil Gachechiladze, Chairman of JSC Galt & Taggart stated

“Today we are unveiling a new service that offers a flexible, secure and competitively priced tool to make multi-asset investments globally. I’m proud that Galt & Taggart is the first investment bank in the region to partner with Saxo Bank and bring the latest trading technology that will allow our clients to have direct online access to financial markets and receive full service across the trade cycle.”

“I would like to thank Saxo Bank for a very fruitful cooperation and I am looking forward to seeing our clients enjoy the new platform.”