Looking to Expand IB Business in Europe
KB Kookmin Bank announced on March 27 that it has set up an investment banking (IB) unit in its London branch.
Through the IB unit in London, which started business on March 26 (local time), the bank plans to look for overseas IB business opportunities in partnership with local financial institutions. The unit will play the role of an IB hub together with the bank's IB units in Hong Kong and New York.
In particular, KB Kookmin Bank is planning to specialize its bases by region, such as Hong Kong, New York and London, and cherry pick and broker stale deals in new emerging markets with great growth potentials, including Vietnam and Indonesia, as well as focus on real estate development and infra finance businesses in cooperation with domestic conglomerates which have entered the local markets.