Korea Investment & Securities (KIS) signed a contract to establish a joint venture on a substantial leveraged lending initiative with Stifel Financial Corp. of the United States, KIS said on Sept. 28.
The joint venture, SF Credit Partners, which is expected to be launched by the end of this year, will focus on acquisition financing and private equity lending business in the United States.
SF Credit Partners plans to expand deal sourcing focusing on the lending market for mid-size companies, restricted for large-sized global banks’ participation, and raise their product development capabilities.
SF Credit Partners will be a subsidiary of KIS after the joint venture obtains an approval from the board of directors and makes an equity investment. KIS plans to invest $150 million into SF Credit Partners in the next five years.
KIS and Stifel Financial have forged a strategic collaboration in which they will build cooperative relations on businesses and share each other’s financial capabilities and expertise.
Both sides agreed to explore new businesses and promote cooperation on top of manpower and product exchanges.
The strategic collaboration is predicted to raise global competitiveness in the diverse areas, such as public offering of stocks, investment bank counseling and asset management.
KIS Chairman Kim Nam-gu said, “This collaboration will lead to the entry of new markets and provision of diverse services to customers.”
KIS will continue to explore new business opportunities in the United States and maintain long-term growth momentum, he said.
KIS President Chung Il-mun said, “Stifel is an optimal partner for KIS’s entry in the U.S. market.” Both sides will cooperate in capital markets, research, sales and trading, and asset management, and promote manpower exchanges, President Chung added.
Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries.
Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Stifel Independent Advisors, LLC.
The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities.
Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services.
Korea Investment & Securities Co. is a major subsidiary of Korea Investment Holdings, which is a Korean non-bank financial holding company providing the following financial services through its subsidiaries: securities, asset management, savings banking, credit finance, venture capital, private equity, real estate trust, hedge fund management and accelerator.
KIS was re-formed in June 2005 when the company was merged with Dongwon Securities.
The previously named Korea Investment & Trust Co., Ltd. (KITC) was Korea’s leading distributor of investment trust products, while Dongwon Securities was one of Korea’s main securities brokerages.
With the merger, KIS has become a core subsidiary within KIH and one of the major securities firm in Korea with 72 branch offices, 7 overseas subsidiaries, 2 overseas offices and 2,908 employees (as of end-June, 2022).
The Company’s highly diversified profit model generates balanced profits across all segments of its operations, from brokerage and asset management to investment banking and trading. KIS has also maintained its leading position in the Korean capital market.
KIS Releases Financial Investment Content Service ‘M.ZIP’
Korea Investment & Securities (KIS) released “M.ZIP,” an investment solution content service targeting MZ generations via MTS KIS app, KIS said on Sept. 29.
M.ZIP involves Money.ZIP and MZ investment prospectus. It is designed to offer content related to financing to investment beginners to help them understand them.
Among the major content items are “Sunsal (purely lean meat) Briefing,” “Money Never Slip,” “Daily Bite,” and “Uppity,” including newsletters on inside and outside issues, provided by financing and economic media outlets, common senses and guidance on financial investments and U.S. ETF stories.
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