Shinhan Financial Investment Signs 'Digital Comprehensive Asset Management' Business Agreement with Quarterback

[Asia Economy Reporter Lee Jung-yoon] Shinhan Financial Investment announced on the 28th that it has signed a Memorandum of Understanding (MOU) with Quarterback, a leading robo-advisor (RA) company, to provide non-face-to-face discretionary investment services and asset management services.

Shinhan Financial Investment will offer simple investment services by combining its securities trading system for non-face-to-face account opening and financial product trading with Quarterback's artificial intelligence (AI) algorithms, and will promote the expansion of T&T (Traffic & Transaction) through various non-financial platforms affiliated with Quarterback.

In the long term, it plans to provide differentiated digital comprehensive asset management services by utilizing Quarterback's investment solutions.

Additionally, Shinhan Financial Group supported the establishment of a strong partnership with Quarterback through a 10 billion KRW investment in the SI Fund (Strategic Investment Fund) "One Shinhan Connect New Technology Investment Association No. 1," managed by Shinhan Capital. Furthermore, it plans to promote cooperation using robo-advisor technology not only in Shinhan Financial Investment but also in various digital businesses across the group.

Kim Jang-woo, Head of the Digital Group at Shinhan Financial Investment, stated, "The excellent financial infrastructure of Shinhan Financial Investment combined with Quarterback's RA technology will provide easy and convenient investment services."

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