SGAM in Korea talks

The fund manager is beefing up elsewhere in North Asia.

SG Asset Management is in talks with potential joint-venture or strategic partners to expand into Korea, says Mahendran Nathan, Singapore-based managing director and regional head of business and marketing.

The firm is still looking at multiple ideas. One could be a JV investment trust management company ITMC, although Nathan acknowledges that many other companies trying this have failed. Depending on the final domestic partner SGAM works with, the means in which it enters Korea may differ. But Nathan says he wants to get business underway as soon as possible.

To that end the firm is concurrently searching for a native Korean head of marketing who will be based in Seoul...

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