Samsung Securities said on Feb. 3 it signed a strategic memorandum of understanding on Feb. 2 with global alternative asset manager Apollo Global Management to cooperate on supplying global alternative investment products.
Samsung Securities plans to use Apollo’s global investment capabilities and risk management know-how to meet investor demand for stable returns even amid a low-growth environment.
It plans to diversify its alternative investment portfolio and offer tailored solutions to both retail and institutional clients.
Samsung Securities CEO Jong-moon Park (박종문) said the agreement with Apollo, which has proven capabilities, will provide an opportunity to introduce high-quality alternative investment products to Korean investors. He said the company will expand strategic cooperation with global asset managers to strengthen its ability to supply alternative investment products.
Sang-yeop Oh
yub@d-today.co.kr