AlphaTauri F1 team up with GMG

Inter-dealer brokerage house will sponsor the Faenza-based team from the Italian GP.

The Scuderia AlphaTauri Formula One team have announced GMG as an official partner, starting from this weekend's Italian Grand Prix at Monza.

The terms of the deal with the inter-dealer brokerage house have not been disclosed.

“Speed is synonymous with Formula One, and now the sport is moving faster than ever before,” said Franz Tost, team principal of Scuderia AlphaTauri.

“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 a strong cooperation between our organisations.”

Marco Saviozzi, the Dubai chief executive of GMG, added: “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 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.”