Capital Group allies with Samsung on retirement
International funds manager, the Capital Group, has announced an alliance with Samsung Asset Management that will co-develop retirement solutions for the Korean market.
Under the agreement Capital and Samsung will cooperate in four key areas including, investment management processes, retirement solutions, product management and distribution channel support.
Capital Group chairman, Tim Armour, said the agreement would enhance Samsung's active investment capability.
"Korea, like other Asian countries, is facing demographic challenges in meeting the long-term financial needs of an aging population," he said.
"Together, with Samsung, we can help Korean individuals and institutions achieve their long-term investment objectives, just as Capital Group has done in the US and elsewhere, managing assets through all market cycles."
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