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Foreign Banks Introduce New Asset Management Systems

Foreign Banks Introduce New Asset Management Systems

SEOUL, July 11 (Korea Bizwire) – Foreign banks in Korea are going all out to target high-net-worth individuals.  With the prolonged decline in net interest margins and the prevalence of mobile banking, banks in Korea have seen former revenue streams dry up. Foreign banks are seeking a breakthrough by diversifying their services in asset management.  [...]

Robots to Manage Financial Assets in Korea

Robots to Manage Financial Assets in Korea

SEOUL, June 27 (Korea Bizwire) – Would you trust a robot to manage your financial assets?  Korea’s Financial Services Commission (FSC) announced upcoming legislation on Sunday that will allow a ‘robo-advisor’, an AI-based asset management service, to serve as an investment advisor and a manager of investors’ financial assets.  Although robo-advisors have performed certain financial [...]

Ravi Sriskandarajah Appointed Managing Director and Head of BMO Global Asset Management (Asia Pacific)

Ravi Sriskandarajah Appointed Managing Director and Head of BMO Global Asset Management (Asia Pacific)

HONG KONG, CHINA, Dec. 7 (Korea Bizwire) – BMO Financial Group today announced the appointment of Ravi Sriskandarajah as Managing Director and Head of Global Asset Management (Asia Pacific). In this role, Mr. Sriskandarajah will be responsible for management oversight, governance and leading the organization’s growth strategy across the Asia Pacific region. He will be [...]

Younger Generation More Conservative in Managing Assets than Baby Boomers

Younger Generation More Conservative in Managing Assets than Baby Boomers

SEOUL, Aug. 26 (Korea Bizwire) – The ‘Sampo Generation’ which is the Korean version of ‘millennials’, who gave up employment, marriage and child birth, have turned out to be more conservative than the Generation X or Baby Boomers when it comes to asset management. Those in the Sampo Generation prefer to invest in deposit and installment [...]

Korean Asset Management Firms Increased Their Foreign Stock Trades by 64 Percent

Korean Asset Management Firms Increased Their Foreign Stock Trades by 64 Percent

SEOUL, Jan. 31 (Korea Bizwire) – Twelve major Korean asset management firms increased foreign stock transactions via their overseas investment funds by 63.9 percent from 2013 to 2014. The number of said transactions reached 79,687 in 2014, according to an announcement from the Korea Securities Depository (KSD) on January 30.  The stock trades within their [...]