UK-based Bank of Georgia’s brokerage arm, JSC BG Capital (BG Capital), has been rebranded as JSC Galt and Taggart (Galt and Taggart).

The brokerage arm has been renamed to set up a full service investment management business.

The rebrand aims at merging the existing wealth advisory and research products and corporate advisory services under single roof along with the consistent branding of the Bank of Georgia group’s corporate advisory, private equity, wealth management, brokerage and research businesses.

The rebranded unit, Galt and Taggart, will operate under the Bank’s investment management business, which will be led by Archil Gachechiladze, deputy CEO of the Bank and the chairman of Galt & Taggart.

The bank is expanding its investment management business to increase its fee generating business following an increasing investor interest in the growing economies of the region."

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Irakli Gilauri, CEO of Bank of Georgia, said: "Archil brings more than 10 years of banking experience, including in corporate banking and wealth management businesses in Georgia and private equity business internationally."

Gachechiladze said: "Investment management has become one of the key strategic directions in line with the evolving needs of our corporate client base that now increasingly require more sophisticated financials solutions and advisory services and the growing interest from international investor base seeking information and access to the regional markets. Through Galt and Taggart we plan to be at the forefront of this process."