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|Vietnam is the third foreign location of KB Asset Management|
On September 3, KBAM launched its representative office in Ho Chi Minh City, marking its third overseas location established as part of KBAM's global scale and network development plan, after representative offices in Singapore and China.
The KBAM Vietnam office will focus on conducting research of the local financial market as well as developing new products and services tailored to the specific needs of Vietnam and Southeast Asia.
Accordingly, with total assets in Vietnam of more than $150 million and plans to continue to increase this in the coming time, KBAM Vietnam will focus on promoting the asset portfolio including equity, fixed income, real estate, infrastructure, and alternatives.
|Justin Suh, KBAM Vietnam’s executive managing director|
KBAM Vietnam’s executive managing director is Justin Suh, a finance expert with 22 years of experience working at leading financial companies such as Goldman Sachs Asset Management and AllianceBernstein, said, “Having identified Vietnam as a potential development market, we are planning to build a professional investment team. The establishment of KBAM Vietnam clearly shows the orientation as well as affirms KB Group's commitment to contributing to the Vietnamese market. We hope KBAM will have many opportunities to co-operate with financial institutions in Vietnam.”
KBAM is also promoting co-operation with members of KB Financial Group such as KB Securities Vietnam (KBSV), KB Kookmin Bank, KB Card, and KB Insurance in expanding its customer base, diversification, and cross-selling products. In particular, KBAM is planning to co-operate with KBSV in seeking investment opportunities as well as launching new and unique products in the near future.
As a member of KB Financial Group, KBAM is one of the oldest and most prestigious asset management firms in Korea. With strong support from the parent group and other members, with optimistic market assessments, KBAM is confident and shows great determination in expanding investment activities in Vietnam – the long-term investment market of many Korean investors.