Samsung Asset Management
South Korean company
From Wikipedia, the free encyclopedia
Samsung Asset Management Co., Ltd. (Korean: 삼성자산운용) is a South Korean asset management company headquartered in Seoul, South Korea, and a subsidiary of the Samsung Life Insurance. It is the largest asset management company in South Korea.[citation needed]
Samsung Investment Trust Management
 | |
Native name | 삼성자산운용 (三星資産運用) |
|---|---|
| Formerly | Samsung Life Investment Trust Management Samsung Investment Trust Management |
| Company type | Subsidiary |
| Industry | Financial services |
| Founded | 1998 |
| Headquarters | Seoul, South Korea |
Key people | Seo Bong-Kyun (CEO) |
| AUM |  US$233.4 billion (2020)[1] |
Number of employees | 369 (2022) |
| Parent | Samsung Life Insurance |
| Website | www |
| Footnotes / references [2] | |
History
In September 1998, Samsung Life Investment Trust Management was founded.[3][4]
In March 2000, the company changed its name to Samsung Investment Trust Management.[3] It became part of Samsung Securities.[5][6]
In January 2002, the company listed its first ETF, KODEX 200 on the Korea Exchange.[3][7][8]
In November 2007, the company opened its first overseas office in Hong Kong.[3][9][10] A year later it opened an office in Singapore.[10]
In April 2010, the company changed its name to Samsung Asset Management.[3]
In 2014, the company became a wholly owned subsidiary of Samsung Life Insurance.[6]
In 2015, the company and the Capital Group signed a strategic partnership agreement to develop active investment strategies for investors in Korea.[11] In the same year, it also signed a strategic partnership agreement with China Construction Bank to launch ETF products in China.[12]
In 2016, the company signed a strategic partnership agreement with Edmond de Rothschild Group to cross sell mutual funds in Korea and Europe.[13]
In 2017, the company spun off Samsung Active Asset Management and Samsung Hedge Asset Management.[14]
In 2022, the company launched Samsung Blockchain Technologies ETF, the first of its kind in Hong Kong.[15]
In January 2023, the company launched Samsung Bitcoin Futures Active ETF in Hong Kong.[16]