Korea Investment & Securities has forged a partnership with two Chinese brokerage houses to bolster its investment banking business in the Chinese market, the firm said on Sept. 8.
The major South Korean securities broker signed a memorandum of understanding with Beijing-based Founder Securities and China Minzu Securities for strategic alliance for cross-border M&A advisory services and real estate investment.
The alliance is expected to enable Korea Investment & Securities to expand its footprint in China’s IB market as an underwriter for equity securities including initial public offerings and M&A advisor.
“We will push for further global network expansion to take a new leap to become Asia’s top investment bank,” the firm’s President Ryu Sang-ho said.
Founder Securities is China’s 10th largest securities firm which has been offering investment banking services through Credit Suisse Founder Securities, a joint venture established by the firm and Credit Suisse.
Minzu Securities is an investment bank which was acquired by Founder Securities in 2014.
By Park Han-na (firstname.lastname@example.org