Collaboration with 2nd Largest Shareholder Amundi of France... Recruitment of Overseas Investment Experts and Support for Amundi Training Program
[Asia Economy Reporter Haeyoung Kwon] NH Nonghyup Financial announced on the 19th that it will strengthen its overseas investment division to secure future growth engines for NH-Amundi Asset Management through collaboration with Amundi in France.
NH-Amundi Asset Management plans to reorganize its overseas investment division and enhance its management capabilities through Amundi's training programs and linked businesses. As the first step, NH-Amundi Asset Management will recruit talent with expertise in overseas investment. Amundi will provide intensive training programs for overseas investment specialists and support capacity building by inviting them to headquarters' management strategy meetings.
Regarding this matter, both parties held a shareholders' operating committee meeting on the 15th and reached an agreement on detailed implementation directions.
As of the end of 2019, NH-Amundi Asset Management's overseas investment scale was 5.1 trillion KRW, with assets under management growing by more than 50% since the launch of the overseas investment division in 2017. Going forward, they plan to further strengthen the overseas investment division to lay the foundation for becoming one of the top 5 leading asset management firms in Korea.
Kim Hyung-shin, Head of Business Strategy Division at NH Nonghyup Financial, emphasized, "Based on the strong cooperative relationship between the two companies, Amundi's specialized management capabilities must be transferred to NH-Amundi Asset Management," adding, "Through this, NH-Amundi Asset Management will grow into a stable and reliable asset management firm across all fields, including overseas investment."
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