DGB Financial Group Opens Singapore Subsidiary... A Stepping Stone to Becoming a Financial Hub

Asia Fund Launch Scheduled

DGB Financial Group held the opening ceremony of its 11th group subsidiary and first overseas subsidiary, ‘Hi Asset Management Asia (HiAMA),’ in Singapore on the 12th.

The ceremony was attended by Chairman Kim Tae-o, Hong Jin-wook, the Ambassador of the Republic of Korea to Singapore, key local organizations (Korean Association, Singapore Korean Chamber of Commerce), major investment banks such as Morgan Stanley and Goldman Sachs, local financial institutions (Keppel Group, DBS, UOB, OCBC), and local fintech companies (Helicap), among various financial stakeholders.

HiAMA, led by CEO Choi Young-wook who has extensive asset management experience in Singapore, has completed the selection of excellent local management personnel and infrastructure preparation, and will launch a new Asia fund starting on the 15th. It aims to secure an excellent track record and actively utilize the group’s domestic and international networks to expand business through external capital funding. The company plans to expand capital efficiency-focused businesses in the global market, including mergers and acquisitions (M&A), small equity investments, and loan fund launches.

Kim Tae-o, Chairman of DGB Financial Group, stated, “We will spare no support to enable HiAMA to become a key player and the group’s global headquarters in Singapore, a global financial hub.” He added, “Through continuous localization, we hope to realize the group’s mission of ‘Creating a world where everyone dreams through warm finance’ in the ASEAN market.”

(From left) Cindy Lim of Keppel Group, Lim Keng Huat, Chairman of BMC Charity, Kim Tae-oh, Chairman of DGB Financial Group, Choi Young-wook, CEO of HiAMA, Hong Jin-wook, Ambassador of the Republic of Korea to Singapore, Shin Yong-seop, Chairman of the Korean Chamber of Commerce in Singapore, and Park Jae-yong, President of the Korean Association in Singapore, are posing for a commemorative photo at the opening ceremony.
[Photo by DGB Financial Group]

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