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Samsung cuts in Hong Kong, focuses on Korean HNWs

Samsung Securities’ new CEO, Kim Suk, the previous head of its asset management business, says the firm is seeking to add global investment products to its roster.
Samsung cuts in Hong Kong, focuses on Korean HNWs
Samsung Securities is scaling back its Hong Kong operations and turning more attention to the Korean high-net-worth client base, says the firm’s new CEO, Kim Suk. Kim would not comment in detail on plans for the Hong Kong office, its international headquarters, other than to acknowledge that, “Like everybody else, if the market is tough, we have to downsize, and when it’s booming, we have to grow.” But Samsung insiders say the firm is going to wield the hatchet. Over the past fe…
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