Deutsche and Woori sign funds deal

The agreement will focus on product innovation, not just distribution.

Woori Bank and Deutsche Asset Management have signed a cooperation agreement to jointly develop their respective investment management businesses. According to Deutsche, this deal will go beyond the usual Korea distribution link up.

Choy Peng-hua, Asia CEO at DeAM, says, This strategic alliance focuses on the sale of investment products. The ultimate goal for both parties is to increase the wealth management capabilities of Woori Bank by tapping into the global experience of DeAM.

He notes...

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