‘Hana Financial Investment Co., Ltd’ and ‘SG Securities Korea Co., Ltd’ signed Memorandum of understanding to expand further cooperation
Seoul, 11 May 2016 - Hana Financial Investment and SG Securities Korea, a subsidiary of the global French bank Societe Generale have entered into a Memorandum of understanding (MoU) on May 11th with the purpose of expanding collaboration in their asset management, derivatives and corporate investment banking activities.
- Areas of cooperation range from asset management and derivatives to corporate and investment banking
- Partnership to fully leverage Hana Financial Group’s domestic presence and Societe Generale’s global network for mutual benefits
- Reinforce cooperation on product development for the recently launched Individual Savings Account (ISA) scheme
From left to right, Ginhyeok Lee, Vice President (Head of S&T division) of Hana Financial Investment Co., Ltd., Jingook Lee, CEO of Hana Financial Investment Co., Ltd., Yann Garnier, Head of Global Markets, Asia Pacific at Societe Generale and Inhwan Oh, CEO of SG Securities Korea Co., Ltd.
One of the primary goals of the MOU is to collaborate and develop a broad range of financial products to cater to client needs in an environment of low economic growth and interest rates. The two firms aim to offer domestic investors a wider range of products by utilizing the scale of Hana Financial Group’s integrated asset management services as well as Societe Generale’s global network and expertise in developing a wide range of financial products.
With the signing of the MOU, Hana Financial Investment plans to offer a broader range of ISA products to suit client needs to diversify their investment. By partnering with Societe Generale, which has a strong track record in product innovation across global capital markets, Hana Financial Group is aiming to further solidify its lead in the ISA product market.
According to Jingook Lee, CEO of Hana Financial Investment, “To fulfill the needs of our broad range of clients, an endless effort is needed to innovate and offer market leading products and solutions” as well as “endeavoring to expand our collaboration with SG Securities Korea to better source diverse and innovative products in line with our vision of become a trusted Financial Solutions Partner”.
Likewise, Yann Garnier, Head of Global Markets Asia Pacific at Societe Generale commented “South Korea is one of the key markets for Societe Generale in the Asia Pacific region and we’re delighted to partner with Hana Financial Investment to offer a broader range of products to South Korean investors”.
Hana Financial Invetsment and SG Securities Korea look forward to maximizing their collaboration and provide a wide range of financial products to the market.