Hyui-Nan Sa, head of KB Kookmin Bank’s custody business discusses how the bank is winning more new mandates and investing into new technology to defend its market leading position
October 24, 2018 | The Asian Banker- Kookmin Bank’s custody business reached KRW187.0 trillion ($167.6 billion) in assets in August 2018
- It held the largest market share and covered more than 60% of the market in the equity-linked life insurance business, helping it to retain its top position
- Kookmin Bank continues to accelerate its expansion into cross-border custody business with collaboration with top global custodian banks
KB Kookmin Bank (Kookmin Bank) is among South Korea’s largest banks with total assets of KRW 323 trillion ($290 billion) and more than 30 million customers.
The bank’s custody business specialises in safeguarding financial assets such as securities for asset management firms, insurance companies and other institutional investors. Its main supporting activities involve settling financial transactions, safekeeping assets, evaluating net asset values and corporate actions. It also offers credit and financing, tax management and other core custody services.
Winning more new mandates
Kookmin Bank’s custody business reached KRW187.0 trillion ($167.6 billion) in assets in August 2018, giving it the largest market share of 21.3% among the eleven custodian banks in South Korea.
The bank’s custody portfolio composes a diversified range of assets such as investment trust funds, equity-linked insurance and pension funds. This balanced portfolio allowed it build a strong profit base of custody service fees.
In particular, it held the largest market share and covered more than 60% of the market in the equity-linked life insurance business, helping it to retain its top position. It won more than 160 mandates, accounting for approximately KRW180 trillion ($160 billion) in assets, and currently administers 6,400 funds.
It onboarded 162 institutional clients, comprising asset management firms, insurance companies, pension funds and institutional investors.
One of its...
Categories:
Keywords:Technology, Invest, Share
Hyui-Nan Sa, head of KB Kookmin Bank’s custody business discusses how the bank is winning more new mandates and investing into new technology to defend its market leading position
October 24, 2018 | The Asian Banker- Kookmin Bank’s custody business reached KRW187.0 trillion ($167.6 billion) in assets in August 2018
- It held the largest market share and covered more than 60% of the market in the equity-linked life insurance business, helping it to retain its top position
- Kookmin Bank continues to accelerate its expansion into cross-border custody business with collaboration with top global custodian banks
KB Kookmin Bank (Kookmin Bank) is among South Korea’s largest banks with total assets of KRW 323 trillion ($290 billion) and more than 30 million customers.
The bank’s custody business specialises in safeguarding financial assets such as securities for asset management firms, insurance companies and other institutional investors. Its main supporting activities involve settling financial transactions, safekeeping assets, evaluating net asset values and corporate actions. It also offers credit and financing, tax management and other core custody services.
Winning more new mandates
Kookmin Bank’s custody business reached KRW187.0 trillion ($167.6 billion) in assets in August 2018, giving it the largest market share of 21.3% among the eleven custodian banks in South Korea.
The bank’s custody portfolio composes a diversified range of assets such as investment trust funds, equity-linked insurance and pension funds. This balanced portfolio allowed it build a strong profit base of custody service fees.
In particular, it held the largest market share and covered more than 60% of the market in the equity-linked life insurance business, helping it to retain its top position. It won more than 160 mandates, accounting for approximately KRW180 trillion ($160 billion) in assets, and currently administers 6,400 funds.
It onboarded 162 institutional clients, comprising asset management firms, insurance companies, pension funds and institutional investors.
One of its...
Categories:
Keywords:Technology, Invest, Share