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Banking & Finance

SSIAM partners with NH-Amundi on fund product promotion

Released at: 14:01, 14/01/2020

SSIAM partners with NH-Amundi on fund product promotion

Photo: SSIAM

Two sign cooperation agreement to introduce Vietnamese fund products in South Korea.

by Hung Cao

The SSI Asset Management Company Ltd. (SSIAM) from Vietnam and the NH-Amundi Asset Management Company Ltd. from South Korea signed an MoU on January 13 to promote fund products of SSIAM in South Korean market.

NH-Amundi is known as one of the largest fund management companies in South Korea and also one of the top 10 in the world.

The signing ceremony was witnessed by Mr. Nguyen Duy Hung, Chairman and CEO of SSI Securities Corporation, Ms. Le Thi Le Hang, CEO of SSI Asset Management, Mr. Young-hoon Bae, CEO of NH-Amundi Asset Management, and representatives of both parties.

Under the MoU, NH-Amundi has the exclusive rights to develop products using the VN30-Index and the VN50-Index and is planning to do so in cooperation with SSIAM. In addition, the two companies have agreed to join hands to launch various funds that will invest in the Vietnamese market.

“Vietnam is the fastest-growing country among emerging markets,” said Mr. Young-hoon Bae, CEO of NH-Amundi. “However, there are still limited ways to invest in the country. With this MoU, NH-Amundi will develop various products to provide South Korean investors with opportunities to invest in the market.”

The cooperation will promote the relationship between SSIAM and NH-Amundi, enhance the reputations of both parties in the field, and create momentum for many upcoming cooperative efforts between the two parties and other strategic partners.

The NH-Amundi Fund Management Company is a member of South Korea’s Nonghyup Financial Group. With its reputation, financial potential, and extensive distribution network, NH-Amundi is South Korea’s leading fund management company and one of the top 10 fund management companies in the world.

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