Samsung Securities said on the 3rd that it signed a strategic memorandum of understanding (MOU) with Apollo, a global alternative investment manager, on the 2nd and will begin full-fledged cooperation to supply global alternative investment products.
Demand for alternative investments among domestic investors is surging. Samsung Securities said it pursued the agreement to provide clients with differentiated investment opportunities and to fundamentally strengthen product competitiveness through partnerships with global managers.
The two companies plan to work closely to expand the product lineup for Samsung Securities clients based on Apollo's capabilities in global credit and private equity.
In particular, Samsung Securities plans to use Apollo's global management capabilities and risk management know-how to meet demand from investors seeking stable returns even amid low growth. Through this, it aims to diversify alternative investment portfolios and present tailored solutions to both retail and institutional clients.
Apollo is an asset manager with competitiveness across the full spectrum of alternative investments, including private credit from investment grade to high-yield, private equity, and real assets.
Samsung Securities President Park Jong-moon said, "The agreement with Apollo, whose capabilities are proven in global markets, will be an important opportunity to introduce high-quality alternative investment products to domestic investors," adding, "We will continue to expand strategic collaborations with top-tier global managers and steadily strengthen our capacity to supply alternative investment products."
Apollo Co-President John Zito said, "The partnership with Samsung Securities, which has a solid client base in the Korean market, is a highly meaningful turning point," and added, "We expect Apollo's principles-based investment philosophy combined with Samsung Securities' expertise to open a new horizon in private markets for Korean investors."