Woori Credit Suisse AM heads for possible break-up
A proposal from Credit Suisse to terminate the joint venture is being reviewed by Woori Financial Group.
Credit Suisse has initiated a break-up of its asset management joint venture with Woori Financial Group, and talks that will determine the fate of Woori Credit Suisse Asset Management (WCSAM) are underway.
"We are currently in discussions with Woori Financial Group to review the operating model and business strategy of WCSAM," says a spokesman for Credit Suisse in Hong Kong, declining to elaborate.
Woori Financial is currently reviewing a proposal by Credit Suisse, which has a 30% s…
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