LIV Golf and HSBC announced a multi-year partnership on Thursday that will see the London-headquartered bank become the official international banking partner of the Saudi-backed league and sponsor two of its 13 teams.

HSBC, which has been a longtime and notable sponsor on the DP World Tour, has penned an partnership with LIV Golf.

Notably, while this is LIV’s first partnership with HSBC, the world banking giant has several pre-existing ties to the golf world. HSBC sponsors major tournaments such as The Open, the AIG Women’s Open, and the Abu Dhabi HSBC Championship.