Saxo Bank to Strike Partnership Deal with Italian Banca Generali

The Italian bank is one of the main wealth management players in the country.

Danish multi-asset trading and technology provider Saxo Bank is to sign a major deal in Italy, forming an exclusive partnership with Italian bank Banca Generali. Saxo Bank aims to offer its technology and online trading services to clients and financial advisors through the agreement.

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Saxo Bank’s multi-asset trading offering is widely available for white label partnerships. The bank has been continuously expanding its reach over the past few years, especially after the rollout of its multi-platform offering SaxoTraderGO in 2015.

The solution, which is easily customizable to meet the specific demands of different clients, has helped Saxo to greatly expand its global partnerships.

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The platform will be managed by a newly established SIM which is to be jointly owned by Banca Generali and Saxo Bank.

Banca Generali clients and financial advisors will now have expanded market access. Through dynamic hedging, the Italian company can offer to its private and corporate clients a range of expanded services.

The agreement between the companies is set to be signed before the end of the year.

Banca Generali currently manages €52.1 billion (as of the 30th of June 2017). The company claims to have over 250,000 customers across Italy.

Saxo Bank has been actively engaging in partnership deals in the past couple of years, especially focusing on China after Zhejiang Geely acquired a 30 percent stake in the company.

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