They also agreed to cooperate in various businesses such as fund sourcing for Goldman Sachs Asset Management, market updates and data sharing, and knowledge exchange among employees of the two companies, according to Korea Investment & Securities.“This collaboration with Goldman Sachs marks the beginning of Korea Investment & Securities setting a new global standard for K-finance in the global financial market,” said Kim Sung-hwan, chief executive of the South Korean securities firm.”We will continue to proactively introduce world-class innovative financial products to support client asset growth and become the No.1 investment company in Asia, the most globalized in Korea.”Ronald Lee, co-head of the client solutions group in Asia Pacific for Goldman Sachs Asset Management, said the collaboration is expected to combine Korea Investment & Securities’ expertise and strong sales network with Goldman Sachs Asset Management’s global presence, proven investment capabilities and risk management framework.
Korea Investment & Securities Co.said on Tuesday it is set to sell funds operated by Goldman Sachs Asset Management LP in South Korea, offering locals a variety of global financial products amid a craze for overseas investments in Asia’s fourth-largest economy.
INCREASING GLOBAL PRODUCTSKorea Investment & Securities said its cumulative balance of global financial products for individual investors more than doubled to 11.5 trillion won ($8.3 billion) as of the end of the first quarter since Kim took office in late 2023.
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