KB Kookmin Bank announced on May 8 that it has opened an investment banking (IB) unit in New York on May 7 (local time). The New York unit is the bank’s third IB unit following those in Hong Kong and London. Based on the three regional hubs which are set up in the global centers of IB deals, KB Kookmin Bank is planning to strengthen its IB competitiveness.
The IB unit in New York will focus on investment projects in the American market. It will cover major deals and expand networks not only in the U.S. real estate and infrastructure finance markets but also in Central and South American regions.
Oh Bo-yul, the bank’s vice president for the CIB business, said, “The IB business is expanding in the global market as it can secure a new profit source, including commission income, by seeking out investment assets. If KB Kookmin Bank secures more overseas network assets and accumulate experience, it will have a greater influence in the global IB market.”