Korea Investment Holdings' subsidiary Korea Investment & Securities said on the 17th that it discussed strategic collaboration plans with Switzerland's global asset management firm Union Bancaire Privée (UBP) to strengthen its wealth management (WM) capabilities.
UBP is a private bank and global asset management firm headquartered in Geneva, Switzerland. It offers specialized wealth management services for ultra-high-net-worth individuals and family offices in 23 countries worldwide. It is also noted for having strengths in alternative investment product management and supply.
Korea Investment & Securities plans to enhance its asset management services by expanding exchanges related to private banking personnel and family office services through strategic collaboration with UBP, incorporating global service know-how. It also plans to offer global alternative investment products tailored to the demands of high-net-worth individuals.
Previously, Korea Investment & Securities has been strengthening its lineup of global financial products domestically through strategic collaborations with major global financial firms such as Goldman Sachs, Carlyle Group, and Capital Group.