OREANDA-NEWS. March 12, 2008. Daewoo Securities enters Kazakhstani and Central Asian capital markets in alliance with Halyk Finance, the investment banking arm of the Halyk Group.

Daewoo Securities (CEO, Mr. Sung Tae Kim) and Halyk Finance (CEO, Mr. Samir Khassanov), the investment banking arm of the Halyk Group, executed a Memorandum of Understanding in Kazakhstan on March 10th, 2008. Both firms have agreed on their mutual cooperation in investment banking activities in Kazakhstan and Central Asia.

Daewoo Securities plans to launch various financial products to corporate and retail clients in Korea for investments in Kazakhstani and Central Asian companies with a solid potential for growth through local expertise and client network of Halyk Finance.
Mr. Sung Tae Kim, CEO of Daewoo Securities, said that “Kazakhstani and Central Asian markets have a huge upside potential and Almaty is well positioned to become the main financial hub of this region. We have established a strong connection with our Eastern and Southeastern investors from China, Japan, Malaysia, Indonesia and Vietnam.” He also added that “Daewoo Securities is set to further strengthen its standing as the global investment banking company through its newly established cooperation with such premier local investment banking firm as Halyk Finance.”

Mr. Samir Khassanov, CEO of Halyk Finance, said that “on behalf of Halyk Group, we are honored that such a respectable financial institution as Daewoo Securities approached Halyk Finance as a partner of choice to launch its investment banking operations in Kazakhstan. We believe that presence of Daewoo Securities in Kazakhstan will not only provide access to local financial market for a whole new client base from Eastern and Southeastern Asia, but also help further develop the Kazakhstani capital market.”