Samsung Securities Co.`s Global Network map. [Photo provided by Samsung Securities Co.]
South Korea’s Samsung Securities Co. signed a memorandum of understanding with France-based banking and financial services provider Societe Generale (SG) to introduce European stocks to domestic investors starting next month.
The management of the two companies including Samsung Securities chief executive officer Koo Sung-hoon and SG’s head of global markets for Asia Pacific Jerome Niddam signed the agreement on Tuesday at Samsung Securities’ headquarters in Seoul. They will provide investment information for the European market starting next month by releasing a joint report on European stocks.
SG, founded in 1864, is one of the three major banking groups in France that has been running its business in 66 countries worldwide with 145,000 employees. It has been offering corporate finance solutions to South Korea since 1983. “The partnership would make it easier to provide timely information on the European market,” said an official from Samsung Securities.
The brokerage house has partnered with many global firms - CITIC Securities in China, RBC Dominion Securities in North America, SMBC Nikko Securities in Japan and Ho Chi Minh City Securities in Vietnam - to offer market data and investment information to local investors.
By Han Ye-kyung and Choi Mira
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