Samsung Securities signs MOU with BNY for cooperation in global asset management and financial solutions

(Seoul = Yonhap News) Reporter Kim Tae-jong = Samsung Securities [016360] announced on the 13th that it signed a comprehensive business agreement (MOU) for cooperation in global asset management and financial solutions with global comprehensive financial group BNY in New York, USA on the 10th (local time).

Through this agreement, both companies will pursue the advancement of infrastructure in core traditional securities business areas such as stock brokerage and clearing, securities collateral management, and securities financing.

In addition, we decided to expand the scope of work to include AI and digital assets, which are new business areas, to expand the global networks of both companies and provide innovative solutions to customers.

Founded in 1784, BNY is the oldest global comprehensive financial group in U.S. history, serving customers in over 100 markets around the world. We provide customized solutions based on expertise and infrastructure across various financial fields, including asset storage and investment services, asset management, and capital market solutions.

“This business agreement will be an opportunity to combine Samsung Securities’ Korean market leadership and BNY’s global market capabilities,” said BNY Chief Customer Officer Katinka Wallstrom. “By converging the strengths of both companies in various areas, we will collaborate to provide innovative solutions that meet the evolving needs of customers.”

Park Jong-moon, CEO of Samsung Securities, emphasized, "Through collaboration with BNY, which has led the standards of the global financial market, we have expanded our coverage to not only innovation in traditional financial infrastructure but also digital finance," and added, "We will continue to present differentiated financial solutions at a global level to domestic investors in the future."

During this business trip to the U.S., President Park met with major global partners, including BNY and Morgan Stanley, and discussed ways to expand overseas investment information supply and demand channels for domestic institutional and individual investors and introduce advanced financial services.