Banca Generali and Saxo Bank sign agreement
March 12, 2018

The Board of Directors of Banca Generali has approved a final agreement with Denmark's Saxo Bank which sets up an exclusive partnership for the provision of online trading and digital services to Italian clients. The objective of the partnership, which has a duration of eight years and may be renewed upon expiry, 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. 

The agreement, which has already been approved by the Saxo Bank board, envisages the establishment of a new entity, BG SAXO Sim, with a standalone Board of Directors consisting of seven members and requiring a qualified majority for all of the company's strategic decisions. It will also have a steering committee, with guidance functions, composed by the two partners' Chief Executive, Chief Financial and Chief Operating Officers.

Banca Generali says it will make available to the partnership its banking platform and its leading market position in private banking to foster synergies and develop new opportunities for its financial advisors and clients, who will thus enjoy access to one of the most comprehensive suites of global trading tools. The technology will be implemented within Banca Generali's home banking platform, thus ensuring a seamless experience for its end clients.

BG SAXO Sim has an innovative business model, primarily targeted to financial advisors and their clients (B2B2C), but also to potential individual clients (B2C), as the platform is easily accessible for both professional traders and clients who prefer to carry out their operations autonomously.





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The Board of Directors of Banca Generali has approved a final agreement with Denmark's Saxo Bank which sets up an exclusive partnership for the provision of online trading and digital services to Italian clients. The objective of the partnership, which has a duration of eight years and may be renewed upon expiry, 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. 

The agreement, which has already been approved by the Saxo Bank board, envisages the establishment of a new entity, BG SAXO Sim, with a standalone Board of Directors consisting of seven members and requiring a qualified majority for all of the company's strategic decisions. It will also have a steering committee, with guidance functions, composed by the two partners' Chief Executive, Chief Financial and Chief Operating Officers.

Banca Generali says it will make available to the partnership its banking platform and its leading market position in private banking to foster synergies and develop new opportunities for its financial advisors and clients, who will thus enjoy access to one of the most comprehensive suites of global trading tools. The technology will be implemented within Banca Generali's home banking platform, thus ensuring a seamless experience for its end clients.

BG SAXO Sim has an innovative business model, primarily targeted to financial advisors and their clients (B2B2C), but also to potential individual clients (B2C), as the platform is easily accessible for both professional traders and clients who prefer to carry out their operations autonomously.



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