Banca Generali and Saxo Bank to form an exclusive partnership for access to trading on global markets
Banca Generali and Saxo Bank announce they have reached an agreement to establish an exclusive partnership to offer online trading and digital services.
The objective is to offer clients, on an exclusive basis for the Italian market, access to an innovative platform for advanced trading, based on Saxo Bank’s technology and managed by a newly established SIM owned by Banca Generali and Saxo Bank.
The new platform will enhance the offering available to Banca Generali financial advisors, allowing the access to tailor-made operations and to innovative solutions of dynamic hedging that can be offered to both private and corporate clients. This is a further confirmation of Banca Generali’s strategic focus on private banking and its drive towards technological innovation.
Saxo Bank and Banca Generali aim to sign the main agreements regulating the partnership by 31 December 2017. The agreements will be in any case subject to the conditions precedent customary and appropriate to this type of transactions (including from a regulatory and authorization standpoint).
About Banca Generali
Banca Generali is a leading player in Italy in financial planning and wealth management for clients, leveraging on its top-of-the-industry network of financial advisors and versatile and innovative asset management services. The bank manages €52.1 billion (at 30 June 2017) for more than 250,000 customers through networks of about 1900 professionals across Italy. The Company’s mission is having “trusted professionals always by the Customer’s side, developing and looking after their life plans”.Banca Generali’s customizable offer is made up of: banking services, investment solutions, advisory and wealth management. The Company can count on:
- Two distribution networks segmented by target customers (Banca Generali Financial Planner and Banca Generali Private Banking).
- BG Fund Management Luxembourg, the company under Luxembourg law responsible for developing and managing top asset management products, and a trust company: Generfid Spa.
- A range of over 5,200 top financial instruments of more than 50 leading international management firms, exclusively available to Banca Generali Group’s customers.
- An advanced system of digital contact service for the operations.
Founded in 2000, Banca Generali has been listed on the Milan stock exchange since November 2006 and is a subsidiary of Assicurazioni Generali, synonymous with reliability and security for over 180 years.
Contacts Banca Generali:
Michele SeghizziTel. +39 02 6076 5683
Saxo Bank is a leading Fintech specialist and global multi-asset facilitator of capital markets products and services. Saxo enables private clients to trade more than 35,000 instruments from one single margin account.
Additionally, Saxo provides institutional clients such as banks and fintechs with Open Banking solutions from multi-asset execution, prime brokerage services to trading technology. Founded in 1992, Saxo Bank has embraced Open Banking from the beginning and is focused on helping clients and partners through win-win partnerships and product innovation.
Since launching its first online trading platform in 1998, Saxo Bank works to empower everyone to navigate their financial future by opening up access to trading and investment. The Saxo Group’s client assets total more than 45 billion euros, and the Group employs more than 2100 people in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.For more information, please visit www.home.saxo.