President Kim Won-kyu of NH Investment and Securities, 3rd R, is joined by a number of local officials led by Vu Chijung, chief of the International Cooperation Bureau of the Vietnamese Securities Commission at a launching ceremony for NH Securities Vietnam on Feb. 9 in Hanoi, Vietnam.(Photo: NH I&S)

NH Investment and Securities launched its Vietnam subsidiary, NH Securities Vietnam, on Feb. 9.

The Korean securities firm entered Vietnam in 2009 for the first time after taking a 49 percent stake in CBV Securities. Since then the Korean securities firm managed the Vietnamese securities firm as a partner. A year ago, the company took over the entire stake and made it a subsidiary.

President Kim Won-kyu of NH Investment and Securities said the securities industry is faced with abrupt changes in its environment, with global securities markets sudden shift. 

He said the new Vietnamese subsidiary should seek long-term profits rather than focusing on short-term results, growing together with the local securities market.

The new wholly-owned subsidiary will engage in such traditional business lines as providing financial services to individuals and corporations, investment banking, portfolio investment and asset management, among others, led by President Moon Young-tai, managing director in charge of the IB division for NH Investment and Securities. 

Attending a ceremony held in Hanoi included Vu Chijung, chief of the International Cooperation Bureau of the Vietnamese Securities Commission, Vu Hwanghai, manager of the Securities Supervisory Division of Vietnamese Securities Commission and President Kim Won-kyu of NH Investment and Securities, among others.

NH Investment & Securities Co., Ltd. provides wealth management, investment banking, and institutional client services in South Korea. The company offers WM services, including brokerage of equity, derivatives, ELWs, ETFs, etc.; and customized financial products, such as fund, trust, wrap, etc. It also sells and trades in tailored structured products; and provides investment banking services comprising business consulting, M&A, and advisory services. NH Investment & Securities Co., Ltd. was founded in 1969 and is based in Seoul, South Korea.

 Following is a statement by CEO Kim:

“On behalf of all the employees at NH Investment & Securities, I would like to express my deepest gratitude for all the support and trust you have placed in us.

“NH Investment & Securities has successfully concluded the post-merger integration process with reinvigorated internal processes, IT infrastructure, and corporate culture. We have also streamlined our businesses with its core value of ‘Customer-first orientation’and have started to generate higher ROE for our investors.

“Amidst the continued political uncertainty and stagnant economic growth across the globe, NH I&S will endeavor to develop a balanced business portfolio. Furthermore, in order to respond to drastic changes in the industry and regulations NH Investment & Securities is consolidating its leading position in the market by ensuring a stable flow of revenue from our Wealth Management business to balance the fast-growing Investment Banking business. 

“We have outlined five key strategies to achieve this goal:

- Increase stable sources of revenue from Wealth Management

- Expand our global reach and reinforce our capabilities

- Increase our capital effectiveness and efficiency to boost return on equity

- Stay ahead of the curve in digitalization

- Strengthen our identity within the NH Group

“Based on the key strategies outlined above, I am certain that all members of NH Investment & Securities will come together and endeavor to meet the expectations of our clients and investors.”