ICICI Securities and Saxo Bank have announced a strategic partnership to offer Saxo’s trading and investment capabilities via a digital platform to Indian investors. The partnership will enable ICICI Securities’ 4 million clients on ICICIdirect.com to diversify their investments outside of the Indian domestic market and access multi-asset investment opportunities through trading platform SaxoTraderGo.
Benefits cited to the platform’s clients include better diversification of risk across geographic regions and assert classes, which from an Indian investor point of view means accessing developed and emerging markets in the form of the US, Europe and the Asia Pacific.
Kim Fournais, co-founder & CEO, Saxo Bank, said: “India is an incredibly important growth market with a growing number of investment professionals and a very tech-savvy population. ICICI Securities has established itself as one of the leading investment firms in India and will now be able to offer their clients access seamless to global capital markets. This partnership once again highlights our ongoing commitment to be a trading facilitator for banks and brokers around the world.”
Shilpa Kumar, MD & CEO, ICICI Securities added, “For almost two decades, ICICIdirect has been offering Indian investors the opportunity to invest and build their financial goals in a convenient and knowledgeable way. I believe the partnership with Saxo Bank will help our clients leverage our combined strong knowledge and superior platforms and ensure they have access to the broadest set of global capital markets investment options.”