Samsung Securities announced on September 13 that it signed a comprehensive memorandum of understanding (MOU) with BNY, a global financial services group, in New York on September 10 (local time) to collaborate on global asset management and financial solutions.
The agreement aims to enhance infrastructure in key traditional securities business areas, including stock brokerage, clearing services, securities collateral management, and securities financing.
Additionally, the partnership will expand into new business areas such as AI and digital assets, broadening both companies' global networks and providing innovative solutions to clients.
Founded in 1784, BNY is the oldest global financial services group in U.S. history, offering a range of services including asset custody, investment management, and capital market solutions across more than 100 markets worldwide.
Katrinka Wallstrom, BNY's Chief Client Officer, stated, "This MOU will combine Samsung Securities' leadership in the Korean market with BNY's capabilities in the global market. We plan to collaborate to provide innovative solutions that meet the evolving needs of our clients by merging our strengths in various areas."
Park Jong-moon, President of Samsung Securities, emphasized, "Through our collaboration with BNY, which has led the standards in the global financial market, we have expanded our coverage not only in traditional financial infrastructure but also in the digital finance sector. We will continue to offer differentiated financial solutions at a global level to domestic investors."
During his trip to the U.S., Park also met with major global partners, including Morgan Stanley, to discuss expanding channels for overseas investment information for domestic institutions and individual investors, as well as introducing advanced financial services.
* This article has been translated by AI.
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