KB Financial Group expands its global business based on a strategic alliance with Stifel, a U.S.-based investment banking company.
According to industry sources, KB Financial Group chairman Yoon Jong-kyoo and Stifel chairman Ron Kruszewski are going to sign a strategic partnership agreement on Oct. 21 for further mutual cooperation in the field of investment. The two companies are planning to work with each other in global co-investment and investment arrangement based on the agreement.
KB Financial Group is currently making much effort to expand its global networks. The agreement is expected to contribute to its effort in advanced financial markets such as the United States and Europe.