KB Securities sees wealth management assets surpass $43.6 bn

It increased fivefold since the integrated corporation's launch in January 2017, growing by 20% in just over 10 months

KB Securities sees wealth management assets surpass .6 bn
Sang-Ki Lee 1
2024-06-12 16:51:06 remind@hankyung.com
Banking & Finance

South Korea's KB Securities announced on Wednesday that its wealth management assets surpassed 60 trillion won ($43.6 billion) this month.

This is five times the level of 12.6 trillion won ($9.2 billion) when the integrated corporation was launched in Jan. 2017.

Since exceeding 50 trillion won ($36.3 billion) last August, the assets have increased by 20% in approximately 10 months.

KB Securities explained that this growth is the result of its WM Transformation strategy, which presents products tailored to market conditions, and the Customer Management-Custom Solutions-Channel Integration strategy implemented this year.

Write to Sang-Ki Lee at remind@hankyung.com
#KB Securities #wealth management assets #WM Transformation #Customer Management-Custom Solutions-Channel Integration

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