Korean Asset Management Company
Shinhan Asset Management (Korean : 신한자산운용 ) is anasset management company headquartered inSeoul, South Korea . It is one of the largest asset management companies in South Korea, with US$55.6 billion ofassets under management as of end of 2020.[ 2] It is a subsidiary of theShinhan Financial Group .
The firm was established in 1996 as Shinhan Investment Trust Management. In 2002 it became ajoint venture between South Korea's largest group,Shinhan Financial Group and the French bank,BNP Paribas . The resulting company was named 'Shinhan BNP Paribas Asset Management' where Shinhan Financial Group and BNP Paribas held 65% and 35% of the company respectively.[ 2] In January 2021, Shinhan Financial Group acquired the 35% stake of BNP Paribas in the joint venture making it a wholly owned subsidiary. As a result, the "BNP Paribas" part was dropped from its name.[ 3] [ 2]
1982/07: Establishment of Shinhan Bank 1996/08: Foundation of Shinhan Investment Trust Management with a capital of ₩30bn.[ 4] 1999/01: The total Assets Under Management (AUM) reach ₩10,000bn. 2000/06: The capital is increased of ₩10bn. 2002/10: BNP Paribas acquires 50% of Shinhan Investment Trust Management. The name is changed to Shinhan BNP Paribas Investment Trust Management. 2005/10: Appointment of a new CEO, Jean Audibert. 2006/04: Shinhan Bank becomes the majority owner of SH Asset Management. 2007/12: Shinhan Bank owns 100% of SH Asset Management. 2008/09: MOU between Shinhan Financial Group and BNP Paribas was reached to establish a joint asset management company. 2009/01: Shinhan BNP Paribas Asset Management (Shinhan Financial Group 65%, BNP Paribas Group 35%) 2010/08: Established Shinhan BNPP HK office with Type 4&9 licenses regulated by SFC. 2011/12: Launched Industry's 1st ever Hedge Fund Myongjang APAC Equity L/S. 2013/10: Launched Industry's 3rd Korean Equity Long/Short Fund. 2014/02: Launched Industry's 1st Korean Asia Long/Short Fund. 2014/10: First Korean AMC to GainRQFII quota. 2015/01: Launch of China Mainland RQFII Fund. 2021/01: Establishment of Shinhan Asset Management Co. Ltd after Shinhan Financial acquires BNP Paribas' stake in joint venture Product and services [ edit ] Shinhan Asset Management offers a wide range of products, including :
Major asset management companies
Notable executives
Divisions Subsidiaries
Historical components Related articles