iM Financial Group Seeks to Expand Cooperation With Global Asset Manager AllianceBernstein
TECHWORLD ·
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iM Financial Group said it met with AllianceBernstein (AB) in New York last month and discussed ways to expand cooperation in areas including ETFs and wealth management.
The two sides identified strengthening cooperation in the ETF business as a top priority and agreed to broaden cooperation into wealth management businesses, including income solutions that take lifecycle considerations into account.
The two companies said they would use iM Financial Group's financial network and AB's global asset management capabilities to provide investment solutions and global investment opportunities for Korean investors.
iM Financial Group said on the 1st that it met with AllianceBernstein (AB) in New York last month and discussed ways to expand comprehensive cooperation across a broad range of areas, including ETFs and wealth management. Chairman Hwang Byung-woo and AllianceBernstein President Onur Erzan attended the meeting.
At the meeting, strengthening cooperation in the ETF business was presented as a top priority. The two sides also agreed to expand cooperation into wealth management (WM), including income solutions that take lifecycle considerations into account.
iM Financial Holding is expanding its nationwide financial network through major affiliates such as iM Bank, iM Securities, and iM Asset Management, while AllianceBernstein (AB) has global asset management capabilities. iM Financial Group said the strategic partnership offers an opportunity to provide diverse and differentiated investment solutions for Korean investors, including institutions and individuals.
Onur Erzan, President of AllianceBernstein, said South Korea is a key market in AB's global growth strategy. He added that he hopes cooperation with iM Financial Group will allow the company to provide Korean investors with a wide range of global investment opportunities.
Hwang Byung-woo, Chairman of iM Financial Group, said AllianceBernstein is a giant asset manager with world-class investment capabilities and a global network. He said combining the strengths of the two companies is expected to enhance the diversity and originality of iM Financial's product lineup and take customer service to the next level, adding that the two sides plan to continue developing their cooperation over the long term.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407650
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Source: TECHWORLD
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