Samsung Asset Management-Hana Bank, MOU for Efficient DB Management

[Asia Economy Reporter Junho Hwang] Samsung Asset Management announced on the 2nd that it signed a 'Strategic Business Agreement (MOU) for Efficient Asset Management of Defined Benefit (DB) Retirement Pension Plans' with Hana Bank at the Hana Bank headquarters in Euljiro on the afternoon of the 1st.

Through this agreement, Samsung Asset Management will provide customized solutions reflecting the characteristics of each company, including diagnosis and forecasting of corporate retirement liabilities flow through the advancement of existing IPS consulting services, derivation of target rates of return based on liability characteristics, and optimal asset allocation reflecting the company's investment guidelines.

Seobonggyun, CEO of Samsung Asset Management, stated, "The introduction of the DB-type retirement pension management committee and the mandatory IPS will be an opportunity for the retirement pension system, which has been stagnant, to advance to the next level. We expect that the collaboration between the two companies will become a mutually beneficial model that provides principles and trust necessary for long-term asset management." He added, "In the changing retirement pension market, we hope to contribute to the growth and development of the retirement pension market by providing high-quality services to more customers through efficient asset management strategies."

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