AllianceBernstein Discusses Expanding Strategic Cooperation with iM Financial Group

Meeting Held at AB’s New York Headquarters
Expanding Cooperation in ETFs, Private Credit, and Asset Management
Building a Long-Term Partnership

AllianceBernstein Asset Management, a global asset management company, announced on October 1 that on September 14, Onur Erzan, President of AllianceBernstein L.P. (AB), met with Byungwoo Hwang, Chairman of iM Financial Group, at AB’s New York headquarters to discuss ways to expand strategic cooperation in areas such as ETFs, private credit, and asset management.

The two companies agreed to combine their global investment expertise and domestic financial network to provide differentiated investment solutions to Korean investors and to build a long-term partnership.

On the 14th of last month, Onur Erzan, CEO of AllianceBernstein LP (AB), met with Byungwoo Hwang, Chairman of iM Financial Group, at AB's New York headquarters to discuss expanding strategic cooperation in areas including ETFs, private credit, and asset management. AllianceBernstein Asset Management

During the meeting, both parties made the ETF business a top priority for their cooperation. They also discussed various collaborative initiatives, including private credit and wealth management (WM). The two companies reviewed plans to jointly develop global investment solutions for ETFs, private credit, and high-net-worth individuals (HNWI) by combining AB's global investment capabilities with iM Financial Group's domestic financial platform, and agreed to build a long-term partnership to provide both institutional investors and individual clients with differentiated investment opportunities.

Onur Erzan, President of AB, stated, “Korea is an important market in AB's global growth strategy, and we look forward to providing Korean investors with differentiated global investment opportunities through cooperation with iM Financial Group.”

Byungwoo Hwang, Chairman of iM Financial Group, commented, “AB is an asset management firm with world-class investment expertise and a global network. We will continue to advance our collaboration so that, by combining both companies’ strengths, we can offer clients new investment opportunities and differentiated financial services.”

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