Samsung Asset Management Selected as Preferred Negotiator for Seoul National University Development Foundation's Financial Asset Management

Samsung Asset Management announced on November 10 that it has been selected as the preferred negotiator for the outsourced management of financial assets by the Seoul National University Development Foundation.

This selection reaffirms the trust and stable management system that Samsung Asset Management has built in the Outsourced Chief Investment Officer (OCIO) sector, highlighting the continuity and responsible partnership the company maintains in this field.

Since being chosen as the first OCIO for Seoul National University in 2019, Samsung Asset Management has been managing the fund to date. With this new selection as the preferred negotiator, the company will secure continuity as it moves into the second term, which begins next year.

After the selection as the preferred negotiator, the final designation as the outsourced manager will be confirmed through negotiation and contract procedures. Samsung Asset Management has consistently respected the mission and philosophy of the Seoul National University Development Foundation, maintaining a long-term investment approach and sincere communication. This reappointment is expected to further solidify Samsung Asset Management's expertise and reputation in the university endowment OCIO market.

Last month, Samsung Asset Management was selected for the seventh consecutive time as the lead manager for the National Pension Fund Investment Pool, further establishing its leadership in both the public and private OCIO markets.

Shin Jaekwang, Head of Multi-Asset Management at Samsung Asset Management, stated, "Being selected as the preferred negotiator is a renewed responsibility entrusted by the Seoul National University Development Foundation. Samsung Asset Management will fulfill its role as an OCIO partner with even greater diligence and respond to expectations with more tangible results."