Major South Korean bank to launch asset manager in Singapore

clock • 1 min read
Major South Korean bank to launch asset manager in Singapore

Major South Korean headquartered bank Hana Financial Group has gained a preliminary license from Singapore's financial authority to open an asset management company in the sovereign island city-state. The Monetary Authority of Singapore granted the partial approval on 11 June but media reports said it had not notified Hana Financial when a final business license will be issued. Hana Financial's move into the Singapore market is part of the group's bid to grow overseas earnings from 21...

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