Mirae Asset Securities Signs 'Foreign Investor Omnibus Account' Agreement with Singapore Securities Firm

Providing Foreign Investor Omnibus Account Services through UOB Kay Hian

Mirae Asset Securities announced on June 8 that it has signed an agreement with UOB Kay Hian, a major Singapore-based securities firm, to provide Foreign Investor Omnibus Account services and will officially launch the service.

This initiative was spearheaded by Mirae Asset Securities' Singapore branch, which led negotiations with the local securities company. The company expects that this will enhance access to the Korean stock market for investors from Singapore and the broader Southeast Asian region.

UOB Kay Hian is the securities affiliate of UOB-Kay Hian Holdings Limited (U10), which is listed on the Singapore Exchange (SGX). It is one of Singapore's leading securities firms, with a market capitalization of approximately 4 trillion won (4 billion SGD) and strong service capabilities for multinational clients.

With its headquarters in Singapore, UOB Kay Hian has established a network across Greater China and the entire ASEAN region. Backed by over 100 years of experience, the company maintains a solid position in the Southeast Asian brokerage and wealth management (WM) sectors. It also provides comprehensive financial services based on its broad client base, excellent trade execution capabilities, and competitive strengths in custodial and client services.

In addition to this agreement, Mirae Asset Securities is also pursuing collaboration with several other overseas securities firms regarding the Foreign Investor Omnibus Account service.

A representative from Mirae Asset Securities stated, "We are continuously expanding cooperation with overseas financial institutions to enhance global investors' access to the Korean stock market," adding, "We will continue to provide a more convenient investment environment by leveraging our global network and digital infrastructure."

Meanwhile, Mirae Asset Securities is set to launch its Hong Kong Mobile Trading System (MTS) later this month and is also in the process of acquiring a U.S. securities firm. Through these initiatives, the company aims to further improve global investors' access to the Korean stock market, accelerate the expansion of its overseas network, and strengthen related infrastructure.

This content was produced with the assistance of AI translation services.