[2022 Capital Investment Award] NH Investment & Securities, Custody Service Resolves Capital Market Imbalance
Awarded Best Excellence in the Consignment Division
[Asia Economy Reporter Jang Hyowon] On the 6th, NH Investment & Securities received the Best Custody Award at the '2022 Asia Capital Investment Awards' held at the Korea Press Center in Seoul.
The award recognized their achievement as the first in the securities industry to enter the custody business. Despite the rapid growth of the fund market, the custody business has high entry barriers due to the need for advanced IT infrastructure, specialized personnel, and large-scale investment costs. NH Investment & Securities made bold investments to enter the custody business in order to resolve imbalances in the capital market. They implemented all necessary functions for fund custody, including fund NAV calculation and verification, cash settlement and physical management, and operation monitoring, and are currently building infrastructure to custody overseas assets, which have been continuously growing recently.
They have established an operation monitoring system specialized for private equity funds and are fully committed to investor protection. Instead of quantitative criteria, they verify the operational and internal control capabilities of client companies to discover excellent asset managers, and focus on minimizing custody risks by strengthening partnerships and control over operation instruction processing. Unlike traditional custodian banks, they also provide innovative services that offer additional profits to clients. In particular, through Prime Brokerage Services (PBS) with funds, they plan to create an institutional lending pool and support various investment strategies. The entry into the custody business is also expected to create company-wide synergy encompassing asset management (WM) and investment banking (IB) divisions.
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Jung Young-chae, CEO of NH Investment & Securities, said, “We will take the lead in resolving the imbalance in custody services so that the gears of the capital market can operate properly.”
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