Samsung AM wins mandates, targets SWFs

Samsung Asset Management is making a concerted push to develop its overseas business, including capitalising on recent mandates in Japan and elsewhere in North Asia. South Korea’s biggest fund house says it is targeting sovereign wealth funds in the Middle East and is eyeing a presence in Australia and Europe. This May the firm hired a marketer in Seoul, Katsuhiro Nishioka, who was previously at Nomura Securities, with a view to re-promoting its existing funds and adding new pro…