Hana Bank Resumes Private Fund Sales Starting Today

Verification of the Existence and Management of Investment Assets through Internal Reorganization and Establishment of Sales Standards
Hana Alternative Investment Asset Management's Hana Global Talent Development Center Senior Loan Bond Investment Product Established on the 19th

[Asia Economy Reporter Kim Hyo-jin] Hana Bank is resuming the sale of private equity funds.

Hana Bank announced on the 19th that, due to the recent ongoing private equity fund incidents, it focused more on internal restructuring and establishing sales standards rather than launching new products, and will now resume the sale of private equity funds.

The biggest change in private equity fund sales is the verification of the asset's existence. Many of the recently problematic private equity funds had complex structures that made it difficult to directly verify the existence of assets, but going forward, sales will only proceed for products whose existence can be directly confirmed.

To prevent incomplete sales, only employees who have completed enhanced product training will be allowed to sell these products, and every three months, it will be checked whether the actual management is proceeding well as described in the product proposal. Customers will be explained and provided with operation reports.

The first private equity fund product introduced by Hana Bank reflecting this internal restructuring and sales standards is a senior loan claim investment product of the Cheongna Hana Global Talent Development Center, located in Cheongna, Incheon, affiliated with Hana Financial Group.

Hana Alternative Investment Asset Management, an affiliate of Hana Financial Group, directly verified the existence and created the product. Hana Bank’s IPS department further verified and reviewed the stability before deciding to launch the product.

A representative from Hana Bank’s IPS department stated, “This product is a model case of providing products that meet customers’ expectations through collaboration within Hana Financial Group,” and added, “We will continue to do our best to restore customer trust and plan and launch products that meet customer needs in the future.”

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