SINGAPORE: Singapore bank DBS and Samsung Securities said on Thursday they have signed a preliminary deal to explore a wealth management partnership aimed at giving clients wider access to investments in South Korea and global markets.<\/p>\n
Here’s more details from the joint statement:<\/p>\n
* The companies said the tie-up would combine Samsung Securities’ position in South Korea’s capital markets with DBS’ global wealth platform.<\/p>\n
* The deal will give DBS clients access to Samsung Securities’ investment products, while Samsung Securities clients will be offered DBS’ multi-asset global wealth products and services.<\/p>\n
* The planned tie-up comes after a sharp rally in South Korean shares, with the benchmark KOSPI among the world’s best-performing stock indexes this year, helped by AI-linked chip stocks and optimism over market reforms.<\/p>\n
* The two companies also plan to work together on client advisory services and share knowledge in areas including artificial intelligence and wealth management.<\/p>\n
* The memorandum of understanding paves way for a strategic partnership, with detailed terms to be agreed later.<\/p>\n
* Samsung Securities’ President and CEO Park Jong-moon said the partnership would help connect Korean investors to global markets. DBS CEO Tan Su Shan said clients increasingly wanted to manage wealth across markets. – Reuters\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"SINGAPORE: Singapore bank DBS and Samsung Securities said on Thursday they have signed a preliminary deal to explore…\n","protected":false},"author":2,"featured_media":775411,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[276,9437,45,49,48,30185,133,2512,99199,131,132,275077,31344],"class_list":["post-775410","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-artificial-intelligence","tag-banking","tag-business","tag-ca","tag-canada","tag-dbs","tag-finance","tag-investment","tag-kospi","tag-personal-finance","tag-personalfinance","tag-samsung-securities","tag-wealth-management"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/775410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=775410"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/775410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/775411"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=775410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=775410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=775410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}