Kwantech Signs MOU with NH Nonghyup Bank for Retirement Pension Robo-Advisor Discretionary Investment

AI automatic investment company Quantec announced on the 8th that it signed a non-face-to-face robo-advisor discretionary investment business agreement (MOU) for retirement pensions with NH Nonghyup Bank on the 7th. Quantec is accelerating its efforts to target the retirement pension robo-advisor market by expanding partnerships with commercial banks.

The signing ceremony was attended by key representatives from both sides, including Lee Sang-geun, CEO of Quantec Co., Ltd., Choi Yong-seok, CEO of Quantec Investment Discretionary, and Kim Yong-wook, Vice President of Investment Products and Asset Management Division at NH Nonghyup Bank.

Through this business agreement, they plan to collaborate to provide automated retirement pension management using robo-advisors in the retirement pension market, which amounts to 400 trillion KRW. NH Nonghyup Bank customers will be able to manage their accumulated funds using Quantec’s proprietary AI technology ‘Q-Engine’ based retirement pension algorithms.

Quantec demonstrates stable returns with 50 retirement pension algorithms incorporating various asset allocation strategies. The ‘Quantec Golden Butterfly Developed Markets (Aggressive Investment Type)’ algorithm, based on the Golden Butterfly asset allocation, is currently recording an annualized return of 24.15% (as of August 7, 2024).

This year, Quantec has introduced a total of 10 equity-type products, strengthening its competitiveness not only in the retirement pension market but also in the non-face-to-face robo-advisor discretionary investment market. This month, it launched the domestic equity product ‘Maestro of Stock Selection (Quantec Q-Momentum Domestic Stocks),’ which constructs portfolios based on key corporate performance indicators such as profit relative to sales and profit relative to capital.

A representative from Quantec Investment Discretionary stated, “We are focusing on the retirement pension robo-advisor market by expanding partnerships across the entire financial sector. Our proprietary risk management system ‘Q-X’ minimizes volatility, making it suitable for long-term fund management, and we plan to strive to manage retirement assets stably.”