Samsung Investment trust to open in HK

News

Samsung Investment Trust (Samsung IT), the fund management arm of South Korean conglomerate Samsung, will open an office in Hong Kong in April next year, becoming only the second South Korean asset manager to do so after Mirae Asset Management.

"This will be an investment company incorporated in Hong Kong and will be the centre for investing in regional markets, including China and Singapore," says TJ Um, chief investment officer for global investments at Samsung IT.

The company has applied for an

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