Jung Young-chae, NH Investment CEO: "Optimus Management Incident is Devastating... We Will Bear Responsibility as a Distributor"

[Asia Economy Reporter Park Ji-hwan] Jung Young-chae, CEO of NH Investment & Securities, stated on the 23rd regarding the redemption suspension incident of the Optimus Asset Management fund, "We will concentrate the company's full capabilities to recover customer investment assets."

On the same day, CEO Jung conveyed this message in a letter sent to investors of the Optimus Creator Fund, saying, "As a fund distributor, we deeply apologize for providing a problematic product."

He expressed, "It is shocking and devastating that something beyond common sense occurred in fund management," and emphasized, "We will not evade the responsibilities we must bear as a fund distributor and will willingly take them on."

CEO Jung explained, "We are currently focusing on verifying and conducting due diligence on the fund assets to recover investor funds," adding, "Since an investigation by the supervisory authorities is underway, we expect to obtain the list of managed assets within a few days."

He added, "Even after securing the list of managed assets, the due diligence process to identify the actual investment targets and verify their value may take time," and "As a distributor, there may be limitations in accessing information, so we might request assistance from customers who hold beneficiary rights."

The current size of the redemption suspension fund managed by Optimus Asset Management is approximately 38 billion KRW. However, considering the scale of similar structured fund sales in the financial investment industry, there are concerns that the amount of suspended redemptions could reach 500 billion KRW.

This content was produced with the assistance of AI translation services.