"Specialized Service for Asset Owners Over 3 Billion Won"…Korea Investment & Securities Establishes Dedicated Breakfast Team

[Asia Economy Reporter Koh Hyung-kwang] Korea Investment & Securities announced on the 7th that it has established a dedicated organization for ultra-high-net-worth individuals with financial assets exceeding 3 billion KRW, called the 'GWM (Global Wealth Management) Strategy Department,' and will begin specialized asset management services in earnest.

The GWM Strategy Department aims to provide comprehensive family management solutions necessary for ultra-high-net-worth individuals, including personal asset management, corporate fund operations, business succession, and successor training. Services include financial products and overseas investments, as well as corporate finance support such as initial public offerings (IPO) and mergers and acquisitions (M&A), inheritance and gifting for business succession, and legal and tax advisory.

Korea Investment & Securities, which has been recruiting experts and building the organization over the past six months, has opened the Asset Succession Research Institute dedicated to family office and business succession consulting, centered around the GWM Strategy Department that provides global asset allocation strategies and specialized products.

Executive Director Yoo Sung-won, who was in charge of business succession and asset management at UBS, is leading the department, joined by field experts including Kim Kyu-jung, head of the Asset Succession Research Institute and a real estate specialist.

Jung Il-moon, CEO of Korea Investment & Securities, said, "There are many clients who need global asset management and asset succession solutions," adding, "We aim to maximize asset value through our diverse investment products and global asset allocation, and provide family office and asset succession services at the level of a global investment bank."

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