Capital Group allies with Samsung on retirement
International funds manager, the Capital Group, has announced an alliance with Samsung Asset Management that will co-develop retirement solutions for the Korean market.
Under the agreement Capital and Samsung will cooperate in four key areas including, investment management processes, retirement solutions, product management and distribution channel support.
Capital Group chairman, Tim Armour, said the agreement would enhance Samsung's active investment capability.
"Korea, like other Asian countries, is facing demographic challenges in meeting the long-term financial needs of an aging population," he said.
"Together, with Samsung, we can help Korean individuals and institutions achieve their long-term investment objectives, just as Capital Group has done in the US and elsewhere, managing assets through all market cycles."
Recommended for you
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
An independent expert has ruled the Perpetual deal with KKR is no longer in the best interest of shareholders in light of the increased tax liabilities.
