Milan - Banca Generali and Saxo Bank 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 a 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 provide Banca Generali financial advisors with access to tailor-made operations and to solutions of dynamic hedging that can be offered to both private and corporate clients.
Saxo Bank and Banca Generali aim to sign the main agreements regulating the partnership by 31 December 2017. The agreements will be subject to the conditions precedent customary and appropriate to this type of transactions (including from a regulatory and authorization standpoint).