The Formula 1 team, Scuderia AlphaTauri have announced a new partnership deal with GMG (Dubai) Limited. Following this deal, the company has been named as the official partner and the association will initiate from the 2022 Italian Grand Prix in Monza.
GMG (Dubai) Limited, which is controlled by the DFSA (Dubai Financial Services Authority), is an Inter-dealer brokerage house founded in 2009 in DIFC, the Middle East’s rapidly economic hub.
GMG has risen to prominence over the years by focusing relentlessly on Options, Futures, Derivatives, and Bonds in MENA, GCC, and Emerging Markets such as Sub-Saharan, North, and South Africa, C3 (Czech, Poland, and Hungary), and Russia, evolving into one of the region’s most regarded and recognised inter-dealer brokerage houses.
Franz Tost, Team Principal of Scuderia AlphaTauri, commented, “Speed is synonymous with Formula One, and now the sport is moving faster than ever before. The addition of GMG to our partnership network is a logical and natural fit for Scuderia AlphaTauri, as we are both challengers competing on a global stage where the only limiting factor is the pace of innovation. We are thrilled to welcome GMG to the team and look forward to the strong cooperation between our organisations.”
Marco Saviozzi, CEO of GMG (Dubai) Limited, said, “Three primary characteristics underpin everything we do here at GMG: quality, speed and precision. All three are as important in the fast-paced environment in which we work as they are in Formula 1, where split-second decisions and flawless execution are crucial in determining the final result.
“The financial markets, like F1, have historically been dominated by a few big teams. GMG prides itself on currently being the Best of the Rest. I believe the absolute desire to attain number one status through the drive, determination and sheer force of hard work can put both GMG and Scuderia AlphaTauri in their rightful place – on the top step of the podium. It’s the mutual desire to succeed that I believe will make this partnership a special one.”