15th Oct 2015 06:52
LONDON (Alliance News) - Bank of Georgia Holdings PLC on Thursday said its investment management subsidiary has inked a deal with Denmark's Saxo Bank.
The deal means that clients of Bank of Georgia's JSC Galt & Taggart will be able to access global capital markets and invest on a multi asset basis.
Galt & Taggart, which sports investment banking, asset management, brokerage, wealth management, and research units, is aiming to activate the new product in November.
"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," Irakli Gilauri, chief executive of Bank of Georgia Holdings, said in a statement.
By Samuel Agini; [email protected]; @samuelagini
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