“BG BANK Private Banking encompasses a well-developed package of services based on classic banking and investment products, as well as general lifestyle services that allow us to meet the financial, and non-financial, needs of VIP clients,” BG Bank CEO Murtaz Kikoria said.

The cooperation between BG BANK and BG Capital is possible given both companies are part of Georgia’s largest financial services structure, Bank of Georgia Group. The partnership was spurred by two key drivers: firstly, the opportunity to create a selection of investment management services and products unique to the Ukrainian market, for which BG Capital will be responsible, and secondly, Bank of Georgia’s significant experience in Private Banking and Wealth Management

Nick Piazza, BG Capital CEO, and Member of the Board of BG BANK and Advisor to the CEO on VIP client issues: “The synergy between the two banks, commercial and investment, will allow us to take our ability to service VIP clients to the next level in Ukraine, and will allow us to develop the corporate side of our business in Ukraine, crisis or no crisis.”

Andrii Demchenko, Director of BG BANK Private Banking: “BG BANK is one of a small number of banks in Ukraine that aims to provide a full range of Private Banking services, not just the standard model of banking-only VIP-client services. We have a clear vision of our development, and we are realistically looking at attracting around UAH 50mn by the end of this year.”

Access to all the largest international capital markets, endless possibilities in developing individually tailored investment choices on the basis of a wide assortment of financial products, and the global potential of Bank of Georgia Group are only several of the tangible advantages for BG BANK Private Banking clients. “We offer both the significant advantages of being part of a large financial services group, and also guarantee the flexibility to find the right solution for every one of our clients,” said Nick Piazza.