Kwantek Investment Discretionary Changes Name to 'AI Kwantek'... Sharply Targeting the Retirement Pension RA Market

Quantec Investment Discretionary is changing its name to AI Quantec ahead of the full-scale launch of its retirement pension robo-advisor (RA) discretionary investment service this year.

Choi Yong-seok, CEO of AI Quantec, announced at the extraordinary general meeting held on the 2nd that the management goal for this year is "to become the number one operator in retirement pension RA and achieve assets under management (AUM) of over 2.5 trillion KRW."

They have set a target to reach 7 trillion KRW in AUM next year. At the extraordinary general meeting, the proposals for ▲name change ▲appointment of directors ▲appointment of auditors were all approved.

The name AI Quantec signifies the company’s intention to evolve into an AI-specialized firm utilizing AI across all fields beyond the asset management sector where AI technology was previously applied. The new name also reflects the ambition to grow as a leading AI company in the financial investment industry.

AI Quantec is currently preparing retirement pension RA services with Shinhan Bank, NH Nonghyup Bank, Woori Bank, Hana Bank, and NH Investment & Securities. With thorough preparation, they plan to offer differentiated products and services for a stable retirement life.

AI Quantec’s retirement pension algorithms ranked 1st to 3rd in one-year returns among 143 actively managed algorithms disclosed by the Koscom Robo-Advisor Testbed Center. This is a meaningful record as it has been verified in the market for over a year since the initial disclosure.

The algorithms that swept the top three spots are ▲Buffett Style Developed Markets ▲Multi-Asset Developed Markets ▲Multi-Asset Mixed, with one-year returns of 32.78%, 32.67%, and 32.31%, respectively. Buffett Style Developed Markets is an asset allocation product reflecting Warren Buffett’s trust in the capital market and long-term investment philosophy, ranking first in both annualized and cumulative returns.

The parent company, Quantec, is preparing to be the first robo-advisor company to list on the KOSDAQ market. They plan to submit the preliminary listing review application within the first half of this year, aiming to enter the KOSDAQ market next year. Quantec has attracted approximately 28.1 billion KRW in investments in the venture market. Major investors include NH Investment & Securities, Shinhan Capital, IBK Industrial Bank, Age Investment, and Orbitech.

An AI Quantec official said, "This year, when the retirement pension RA service is launched, presents a new opportunity," adding, "We will focus all our capabilities to pioneer the market."

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