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Neuberger Berman partners with Samsung to expand offerings in Korea


Neuberger Berman Group has partnered with Samsung Securities Co and its affiliate Samsung Asset Management Co to offer an enhanced suite of Neuberger Berman investment products in the Republic of Korea.

Andy Komaroff, chief operating officer of Neuberger Berman, Youngwoan Chung, head of the strategic business division at Samsung Securities, and Young June Park, head of the marketing division at Samsung Asset Management, signed the memorandum of understanding (MOU) among the three firms on 27 October at the Samsung Asset Management headquarters in Seoul. 
Under this agreement, Neuberger Berman, a global manager of assets across equities, fixed income and alternative investments, expects to work with Samsung Securities and Samsung Asset Management to offer a broad range of investments to the Korean market and co-develop new strategies in the future.
Chung says: "With this new partnership, we are able to secure a broader range of global products to create a diversified client portfolio. Going forward, we will proactively develop differentiated new products combining Neuberger Berman's resources and Samsung's investment ideas."
"We are very pleased to partner with Samsung Securities and Samsung Asset Management as Neuberger Berman expands its footprint in Korea and Samsung seeks to broaden its global investment line-up," says Komaroff. "We see this as an excellent example of joint cooperation among three significant firms and we look forward to working with Samsung on behalf of clients going forward."

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