Mergers & Acquisitions / Joint Ventures

Korea’s IBK Securities eyes global hedge fund capability


Korea’s IBK Securities plans move into international alternative investments space

Korea’s IBK Securities, part of leading Korean bank the Industrial Bank of Korea, is blueprinting a move into the international alternative investments space through global joint-ventures.

James Jung-Beck Kim

IBK plans initially to create an -alternatives platform through an alliance with a large international fund of hedge funds shop. On the single manager front, the firm will potentially eye joint-ventures to create an offering as well, but that will come at a later stage.

Leading the effort is James Jung-Beck Kim, who recently joined IBK as managing director and head of proprietary trading. The former