KB Asset Management Partners with DWS Group to Expand LDI Capabilities
[Asia Economy Reporter Hwang Junho] KB Asset Management announced on the 25th that it signed a comprehensive memorandum of understanding (MOU) for a strategic partnership with DWS Group on the 24th.
Through this partnership, KB Asset Management will expand its investment capabilities in insurance asset management (LDI) and the ETF sector. In the insurance asset management (LDI) field, it will strengthen expertise by leveraging DWS Group's know-how. In the initial phase, it will focus on liability-driven investment and strategic asset allocation (SAA) to enhance investment capabilities, and later provide optimized customized asset allocation solutions for insurance investors. Additionally, it will seek various joint synergy opportunities by utilizing insurance asset management solutions. In the ETF sector, it plans to promote overseas listings of various active thematic ETFs through mid- to long-term collaboration with DWS.
DWS Group, established in Germany in 1956, is majority-owned by Deutsche Bank. It operates in more than 22 countries through an extensive global network. DWS Asset Management, a subsidiary of DWS Group, is the world's third-largest insurance asset manager, managing approximately 190 insurance assets. In the ETF sector, it holds the third-largest market share within the European market.
Yoon Tae-il, Head of ESG & Support Division at KB Asset Management, stated, "DWS Group is an insurance asset manager with extensive experience managing insurance assets worldwide," adding, "By combining KB Asset Management's domestic expertise with DWS Group's global knowledge, we plan to provide innovative customized portfolio solutions to various insurance clients."
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Dirk Goergen, Global Head of Client Sales at DWS Group, said, "The Asia-Pacific region, especially Korea, is a highly promising asset management market," and added, "Through this partnership, we will provide customized solutions that meet investors' needs."
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